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White Oak Claims $700M Capital One Healthcare Real Estate Portfolio
San Francisco-based White Oak Healthcare Finance acquired a roughly $700-million portfolio of skilled nursing and seniors housing loans from Capital One Healthcare and its participant banks. Capital One provided debt financing for the transaction. Financial terms of the transaction were not disclosed.
White Oak’s Isaac Soleimani says, “This transaction further validates our commitment to the sector, and establishes us as an industry leader. Our team has significant experience in healthcare real estate, and, with this transaction, we continue our rapid growth as we become one of the largest lenders in the space.”
Capital One Healthcare’s Jim Seymour says, “This transaction enables them to continue their aggressive growth strategy, and for Capital One, it presented a great opportunity for us to change the nature of some of our skilled nursing exposure and to continue our commitment to the sector.”
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