Encina Lender Finance, LLC (ELF) announced the closing of an inaugural senior credit facility for Great Elm Healthcare Finance, LLC (GEHF).

Headquartered in Nashville, TN, GEHF provides healthcare operators with financing for working capital, refinancing, acquisition, and recapitalization and focuses in areas such as skilled nursing, assisted living, senior housing, memory care, acute care facilities and specialty pharmacies. GEHF offers asset-based revolving loans, mortgage financing, secured debt and other capital solutions.

Ed Chang, CEO of ELF, said, “Encina Lender Finance is thrilled to support and partner with the Great Elm Healthcare Finance team, who are well-known to the ELF team and have an impressive track record of building successful healthcare finance businesses.”

Mike Gervais, CEO of Great Elm Healthcare Finance, added, “The Encina team is a pleasure to work with, providing us with responsive, creative solutions every step of the way. ELF understands our business and needs, and they provide us with flexibility and agility to better serve our customers.”