Ohio SNF Portfolio Acquisition

In 2022, VIUM Capital financed a $41 million non-recourse bridge-to-HUD loan for the acquisition of three skilled nursing facilities in Cleveland, Ohio. Although this was VIUM’s first transaction with the sponsor, the client’s proven track record and history of successfully turning around assets across Ohio established a strong foundation for a long-term partnership.

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The sponsor approached VIUM seeking flexible, high-leverage financing to support the acquisition. The deal aligned well with VIUM’s platform and capabilities. Banker Brendan Healy led the transaction, working closely with the client to ensure a smooth execution. VIUM’s debt fund provided the flexibility to structure a larger loan than traditional bank balance sheet lenders could typically offer. The sponsor also valued the non-recourse nature of the financing, which added another layer of strategic benefit.

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Throughout the transaction, VIUM collaborated with the sponsor to assess and understand their near-term operational projections. By offering strategic guidance and maintaining clear communication, VIUM helped the client confidently navigate the bridge period and move toward long-term financing goals.

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Since the closing of the initial bridge loan, VIUM and the sponsor have continued to grow their relationship. The team has successfully closed the HUD takeout for the portfolio, completed four additional bridge loans with the same client, and submitted two more HUD applications in the process.

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This transaction illustrates VIUM’s commitment to supporting forward-thinking operators with creative capital solutions, long-term vision, and a collaborative spirit. We look forward to continuing to build with sponsors who share our ambition and drive to reach new heights, together.

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