Ziegler Healthcare Capital said it launched a $100 million senior mortgage fund to supply small- to mid-size loans in the long-term care and senior housing industry. The fund will be used in conjunction with an existing $80 million mezzanine fund to provide bridge financing. Both funds will make loans to skilled-nursing, assisted-living, independent-living and dementia-care companies. Proceeds can be used for financing acquisitions, working capital, replacement and refurbishment, expansion, or bridged leverage to the Department of Housing and Urban Development and other federal financing programs. Ziegler Healthcare Capital, Shrewsbury, N.J., is a unit of investment firm Ziegler Cos., Milwaukee. -- by Mary Chris Jaklevic
Ziegler offers mortgage fund for senior-care firms
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