Oxford Capital Group has secured $41 million in bridge financing to Oxford Capital Group for the acquisition of six assisted living facilities totaling 372 beds in Minnesota. Greystone originated the financing.
Greystone’s $41 million interest-only nonrecourse bridge loan carries a 24-month term with two six-month extension options. The acquisition financing for the properties in the Minneapolis area and northern Minnesota enabled the borrower to close the transaction and begin working with Greystone to secure HUD-insured permanent funding.
