 |
        |
|
Bridge Finance Group Provides $4.2 Million Facility To Wilmac Corporation CHICAGO – JANUARY 8, 2007 - Bridge Finance Group today announced the completion of a $4.2 million revolver to Wilmac Corporation. Wilmac Corporation is a Pennsylvania-based company specializing in long term care through skilled nursing, assisted living and independent living facilities. Wilmac is a privately held; family owned, operated and managed company providing high-quality senior healthcare services since 1957. The funding to Wilmac was used to refinance the existing secured lender as well as provide additional working capital. “Wilmac is very pleased to be partnering with Bridge Finance Group. Their experience in senior care lending allowed them to get our new line of credit in place quickly despite a challenging set of circumstances. We believe we have found a long term financial partner in Bridge and we look forward to growing with them in the future," says Karen McCormack, President and CEO of Wilmac. “Our expertise in the long term care arena and our ability to be flexible with structure gave us the unique opportunity to meet Wilmac’s capital needs in an efficient and timely manner. Bridge has substantial experience in partnering with companies in this industry and assisting them in their financial objectives,” says Kim Gordon, Executive Vice President and Chief Credit Officer of Bridge Finance Group. ABOUT BRIDGE FINANCE GROUP Bridge Finance Group offers a combination of comprehensive loan products, decades of financial expertise and an unparalleled service approach unique to the lending industry. Through accounts receivable, cash flow and real estate based term loan lending products, Bridge is able to address the differing capital needs of its customers. Bridge is based in Chicago, Illinois with offices in the Northeast, Southeast, and West Coast. Contact: Amanda Bowser, Marketing Associate |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
