Case Study
SIMS PROVIDES HIGH-LEVERAGE FIRST MORTGAGE LOAN TO FUND ACQUISITION
CASE STUDY PARTNERED RIGHT A recently formed real estate investment group (the “Borrower”) reached an agreement to acquire a portfolio of two senior living communities located in the Midwest (the “Portfolio”). The Principals of the Borrower are experienced healthcare real estate owner and operators. As part of its acquisition strategy, the Borrower reached an agreement to lease the communities in the portfolio to a nationally recognized senior living operator (the “Lessee”) pursuant to a long-term, triple-net lease. Both communities in the Portfolio opened within the past two years were fully stabilized reaching occupancy levels in excess of 95%. STRUCTURED RIGHT HJ Sims partnered with a national bank (the “Partner”) to propose a high-leverage, unitranche first mortgage loan t