NEW YORK--(BUSINESS WIRE)--White Oak Healthcare Finance, LLC (“White Oak”), today announced it acted as sole lender and administrative agent on the funding of a $33.2 million senior credit facility for Granite Investment Group (“Granite”). The funds were used to refinance a portfolio of four skilled nursing facilities in Texas.
“Granite is an experienced real estate investor that has become one of the top investors in the post-acute care industry,” said Isaac Soleimani, Managing Director and Partner at White Oak. “It was a pleasure to work with their team of talented investment professionals. We look forward to continued growth with Granite in the years to come.”
Granite Investment Group is a privately held, real estate investment firm focused on multi-family, senior housing, and post-acute care.
“White Oak provided us with a compelling financing package that met our needs as an owner of post-acute care facilities. Because of their deep experience in senior housing they were able to understand our needs and be creative in ways that banks just couldn’t match. This flexibility coupled with a high certainty of execution and quick turnaround made for a great experience. It was a positive experience from term sheet to funding,” said Jason Price, SVP at Granite Investment Group.
About Granite Investment Group
Granite Investment Group currently manages a portfolio of commercial real estate assets valued in excess of $500 million, based on purchase price, primarily comprised of senior housing facilities. Based in Irvine, California, Granite is a privately held investment management firm that has bought and sold approximately $1.5 billion of commercial real estate equity and debt on behalf of thousands of investors since 1995. To learn more about Granite Investment Group, please visit www.graniteinvestment.com.
About White Oak Healthcare Finance
White Oak Healthcare Finance, LLC (“WOHCF”), an affiliate of White Oak Global Advisors, LLC is a lender to all subsectors within the healthcare industry including healthcare services, pharma and life sciences, medical devices, healthcare technology, healthcare real estate, hospitals and SNFs. WOHCF has deep domain expertise with a sole focus on healthcare which enables it to provide flexible and creative solutions with certainty of execution. WOHCF offers a differentiated product set including cash flow term loans, asset based loans and ABL Stretch facilities, unitranche facilities, last out financings, real estate financings, equipment financings and opportunistic investments. As a lender with large pools of capital to deploy, WOHCF generally holds its full loan positions to maturity.
About White Oak Global Advisors
White Oak Global Advisors, LLC is a leading global alternative asset manager specializing in originating and providing financing solutions to facilitate the growth, refinancing and recapitalization of small and medium enterprises. Since its inception in 2007, White Oak Global Advisors’ disciplined investment process focuses on delivering risk-adjusted investment returns and establishing long term partnerships with our borrowers. More information can be found at www.whiteoaksf.com.