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Eden Senior Care Secures $54.6M Loan From Dwight Mortgage Trust For Skilled Nursing Portfolio Acquisition

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FINANCED
$54,600,000

Pennsylvania

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Nursing Home
Financed 02/26/2025
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Property Image
FINANCED

Eden Senior Care Secures $54.6M Loan From Dwight Mortgage Trust For Skilled Nursing Portfolio Acquisition

Nursing Home
Financed 02/26/2025
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Summary

Asset Type:Nursing Home
Transaction Type:Loan

The asset involved in this transaction is a skilled nursing portfolio consisting of six properties with a total of 925 beds located in Pennsylvania, specifically in the markets of Pottsville, Wilkes Barre, Kingston, Williamsport, and Yeadon. The acquisition financing secured for this portfolio amounts to $54,600,000, facilitated through a loan from Dwight Mortgage Trust.

Summary of transaction details:

  • Property Type: Nursing Home
  • Transaction Amount: $54,600,000
  • Lender: Dwight Mortgage Trust - Adam Offman
  • Landlord: Eden Senior Care
  • Market: Pottsville, Wilkes Barre, Kingston, Williamsport & Yeadon, PA
  • Asset Type: Skilled Nursing Portfolio
  • Beds: 925

Eden Senior Care is the entity that acquired the portfolio, previously owned by Bedrock Care Group since 2021. The loan is specifically classified as acquisition financing, supporting Eden Senior Care's strategic investment in the skilled nursing facilities across the aforementioned markets.

Players

LENDER

Details

FINANCED
IMAGE: 02/26/2025 ADDRESS: Skilled Nursing Portfolio MARKET: Pottsville, Wilkes Barre, Kingston, Williamsport & Yeadon, PA ASSET TYPE: Nursing Home ~ BEDS: 925 LENDER: Dwight Mortgage Trust - Adam Offman LANDLORD: Eden Senior Care LOAN AMOUNT: $54,600,000 LOAN TYPE: Acquisition NOTE: Eden Senior Care secured $54.6 million in acquisition financing from Dwight Mortgage Trust to buy a six-property, 925-bed skilled nursing portfolio in Pennsylvania. The deal includes facilities in Wilkes Barre, Kingston, Pottsville, Williamsport, and Yeadon, previously acquired by Bedrock Care Group in 2021.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$54,600,000.00

Monthly NOI$364,000.00
Monthly Debt Service$345,109.14
Change in Cash Flow$0.00
Refinance Proceeds$0.00