First Citizens Bank Arranges $115 Million in Financing for Illinois Skilled Nursing Facilities

NEW YORK, Sept. 5, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Healthcare Finance business served as lead arranger of $115 million in financing for the acquisition of eight skilled nursing facilities in Illinois. The borrower is a Midwest-based healthcare real estate investment and management company that invests in a variety of post-acute facilities, with investments in over 24 states. The eight facilities covered by this transaction represent more than 1,500 licensed beds, which typi ...