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Bridge Finance Group Provides $15,580,000 Funding To Help LifeHouse Retirement Properties Complete Acquisition CHICAGO, IL – MARCH 13, 2007 - Bridge Finance Group funded a $12,180,000 Senior Term Loan and a $3,400,000 Revolving Line to LifeHouse Retirement Properties, an owner and operator of assisted living and skilled nursing facilities throughout the Midwest and California. The credit facility allowed for the acquisition of several skilled nursing facilities located in Southern California. "Bridge Finance Group was able to underwrite and close this transaction exceptionally quickly,” said Rowan Farber, President & CEO of LifeHouse. “They exhibited an in depth knowledge of the industry and worked with us to find solutions when necessary. It is clear to me that Bridge is an extremely motivated and intelligent partner." “We believe that LifeHouse has assembled some of the top strategic operators in the long term care industry to lead its portfolio growth,” noted Shawn Andrews, Managing Director of Bridge Finance Group. "We are excited to have the opportunity to work with this management team”. 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: Shawn Andrews, Managing Director |
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