Capital One Healthcare is based in Chicago. Credit: Max Bender Photo /Unsplash.com

CHICAGO—New York-based White Oak Healthcare Finance reports it has purchased a skilled nursing and senior housing loan portfolio from Capital One Healthcare.

Chicago-based Capital One Healthcare provided debt financing for the loan portfolio valued at approximately $700 million. No financial terms of the transaction were disclosed.

“This transaction further validates our commitment to the sector and establishes us as an industry leader,” says White Oak managing director and partner, Isaac Soleimani. “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 and their talented real estate team have been valued partners of White Oak and we are excited to continue growing the relationship.”

Jim Seymour, senior managing director, Capital One Healthcare, adds, “This transaction enables them (White Oak Healthcare Finance) 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.”

Several months ago, White Oak Healthcare Finance reported it closed an incremental financing transaction for SoClean, Inc., a portfolio company of DW Healthcare Partners. SoClean is the only provider of fully automated cleaning devices for Continuous Positive Airway Pressure machines. White Oak previously financed DW's acquisition of SoClean in 2017, as well as a separate upsizing earlier this year.

In early October, White Oak announced it acted as sole lender and administrative agent on the funding of a $28-million senior credit facility for Granite Investment Group. The credit facility was secured by three skilled nursing facilities in Texas. Funds from the credit facility were used to refinance existing debt and provide a dividend for investors. White Oak earlier this year financed a separate portfolio of four skilled nursing facilities in Texas for Granite.

Instant Insights /

White Oak Buys Capital One Healthcare RE Loan Portfolio

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