Transactions

Refinance $6,825,000 Denver, CO
73% LTV $6,600,000 Chicago, IL
75% LTV $2,831,250 Augusta, GA

Red Oak delivered $5,615,000 in acquisition financing for an existing 25-bed acute care hospital campus located in Plymouth, NC. The facility at 958 US-64 includes an additional four medical office buildings, two general office buildings, and an additional 16 acres of land, or out-parcels, available for future development.

The facility was acquired from the federal court system, which controlled the property and had assigned the management of asset to Affinity Health Partners. The borrower is an experienced national healthcare management provider, which had been managing and operating the facility for the past nine months.

Bridge Loan $5,615,000 Plymouth, NC
Refinance $585,000 Las Vegas, NV
Fixed Rate Bridge Loan  $5,459,000 TOPEKA, KS
Fixed Rate Bridge Loan $2,918,000 WASHINGTON, DC
Bridge Loan $5,100,000 Camden, ME
Bridge Loan $3,800,000 Pembroke, NC