Newport Capital provided a $5.9 million bridge loan to recapitalize a healthcare property containing 61 assisted living units plus a stand-alone dialysis treatment clinic. Because traditional lenders weren’t willing to lend on the property given the dialysis component, the borrower came to Newport knowing our flexibility and the team’s ability to underwrite niche asset types. Proceeds from Newport’s loan were used to pay off an existing loan and fund outstanding tax liabilities.
Newport Capital provides efficient capital to owners and developers of residential and commercial real estate assets. Contact us to discuss your financing needs and learn how we help our clients.