$17.3MM Performing Senior Care Loan Portfolio
$17.3MM Performing Senior Care Loan Portfolio
$17.3MM Performing Senior Care Loan Portfolio | Tennessee & Connecticut
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Will is a senior managing director in the New York, Houston and Mobile, AL offices of JLL Capital Markets, Americas. In his role, Will advises banks, special servicers, life companies, GSE's and other financial institutions in the valuation and sale of performing, sub and non-performing commercial, C&I, consumer, ELF, residential mortgage loans and CRE REO. In the course of his career, Mr. Sledge has executed over $10bb of assignments. Mr. Sledge also sources and executes debt and equity finance opportunities throughout the United States.
Will joined JLL in June of 2020 following 17 years at Mission Capital Advisors where he was head of business development and execution.
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- Property Type
- Senior Housing
- Deal Type
- Loan Sale
- Risk Profile
- Value-Add
Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis to arrange the sale of a $17.3 Million Performing Senior Care Loan Portfolio (the “Loan Portfolio”). The Loan Portfolio is comprised of two loan relationships collateralized by three (3) skilled nursing facilities and a commercial line of credit (the “Collateral”). Originated in 2013 and 2021, the Loan Portfolio features and attractive weighted average coupon of 8.75% and a weighted average seasoning of 34 months. The Collateral features two (2) skilled nursing facilities in Tennessee and one (1) skilled nursing facility in Connecticut for a total of 284 beds.
The offering presents investors the opportunity to acquire three (3) performing loans that are well collateralized with an attractive in-place coupon.