Forbright Bank and HJ Sims Partner to Finance the Acquisition of Two California Skilled Nursing Facilities

CHEVY CHASE, MD – Forbright Bank, a nationwide full-service bank helping accelerate the transition to a more sustainable economy and HJ Sims, a privately held investment bank and wealth management firm, have partnered to finance the successful acquisition of two California skilled nursing facilities by a top tier skilled nursing operator. 

“Our experience, flexibility, and strong partnership with HJ Sims have led to creative and timely solutions for our borrowers,” said Amy Heller, President of Forbright Bank’s Healthcare Lending Division.

Forbright and HJ Sims closed a unique unitranche loan product to provide financing for the acquisition at attractive leverage. This loan product acts as a single debt obligation with one set of loan documents and one monthly mortgage payment – providing speed, ease of management, and a more flexible structure for the borrower.

Over the past 12 months, Forbright and HJ Sims have partnered to finance more than $50 million of first mortgage debt. The unique partnership – arising out of a shared commitment to putting clients first, providing custom solutions, and a longstanding commitment to the skilled nursing industry – has led to five successful deals with Forbright and HJ Sims collaborating. 

“Sims and Forbright share a deep knowledge of the business and a ‘customer first’ attitude that allows us to tailor our financings to meet our clients’ needs,” said Jeff Sands, Managing Principal at HJ Sims.

The skilled nursing facilities feature approximately 150 beds and are located in two strong California submarkets. The borrower will invest in the physical plants of both facilities and will provide residents with high quality care, consistent with their existing facilities in the region. 

About Forbright Bank:

Forbright Bank, Member FDIC, Equal Housing Lender, is a full-service bank taking action to decarbonize the economy. Headquartered in Chevy Chase, Maryland, Forbright is committed to accelerating the transition to a sustainable, clean energy economy by financing the companies, investors, and innovators driving that change.

About HJ Sims:

Founded in 1935, HJ Sims is a privately held investment bank and wealth management firm. Headquartered in Fairfield, CT, Sims has nationwide investment banking, private wealth management and trading locations. Member FINRA, SIPC. Testimonials may not be representative of another client’s experience. Past performance is no guarantee of future results. 

Contact

Ben Wakana, Forbright Bank, bwakana@forbrightbank.com

Cheryl Laing, HJ Sims, claing@hjsims.com