Capital One announced the sale of a portfolio of 12 skilled nursing facility (SNF) and seniors housing loans to White Oak Healthcare Finance, a subsidiary of White Oak Global Advisors. Capital One provided debt financing for the transaction. Financial terms of the transaction were not disclosed.

“This transaction further validates our commitment to the sector and establishes us as an industry leader,” said White Oak’s 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.”

“We have a great relationship with the team at White Oak and worked closely with them to structure a mutually beneficial deal,” said Jim Seymour, Senior Managing Director, Capital One Healthcare. “This transaction enabled them to continue their aggressive growth strategy. 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. We look forward to working with White Oak again in the future.”

Capital One Healthcare is a leading provider of financial services to the industry. Customers across healthcare sectors—including senior housing, healthcare services, pharmaceuticals, medical devices, healthcare IT and medical offices—rely on Capital One Healthcare to finance acquisitions, refinance existing debt, support working capital needs and fund growth initiatives. With in-depth expertise, our team of professionals creates solutions tailored to meet the needs of our customers. Additional information can be found at capital.one/healthcare.