We closed a $14,125,000 loan transaction for our client to purchase a skilled nursing facility. We structured the financing with a capital stack that provided both senior and subordinated debt secured by the real estate with a smaller piece secured by the accounts receivable of the facility.

The loan was creatively structured to allow for some of the equity partners’ ownership interests to be phased out, to complete a lease-purchase option and provide funds for working capital.  Additionally, we eliminated the prepayment of 1% after year one of the 5 year loan term.

This is just another example of DOMINION still lending where others are not.

DOMINION, through its affiliated entity, Dominion America Realty Advisors, is seeking transactions where there is an existing loan that has matured or will mature. DOMINION has 37 years of expertise in negotiating with existing lenders and can save you or your client substantial monies by negotiating discounted loan payoffs and/or extensions. Knowing that DOMINION can bring new mortgage funds to the negotiating table gives the existing lender the ability to accept a discounted loan payoff where they previously would not have. You want DOMINION on your team!!

Give us a call today.