Great Rock Capital, an asset-focused commercial finance company specialising in middle market lending, has closed a USD10 million credit facility to a leading skilled nursing and assisted living provider that operates 64 facilities in the Southwest USA.
Great Rock Capital’s investment – USD10 million of a USD20 million credit facility – marks the firm’s first underwriting in the healthcare industry.
“We are pleased to partner with an experienced healthcare lender on this transaction,” says Stuart Armstrong, CEO of Great Rock Capital. “This investment is Great Rock Capital’s first opportunity to provide growth capital to a customer in the healthcare industry, an industry we are targeting to help fuel our future growth.”