MURFREESBORO, Tenn.--(BUSINESS WIRE)--
National Health Investors, Inc. (NYSE:NHI) announced today it has
entered into a 3-year, interest only loan which will provide Capital
Funding Group, Inc. (CFG), up to $15 million to be used as mezzanine
financing for its bridge-to-HUD lending program. A total of $5 million
was funded at closing. This loan replaces the existing credit facility
between NHI and CFG.
The CFG family of companies, headquartered in Baltimore, MD, provides
comprehensive financing solutions for healthcare facilities, including
bridge loans and HUD-insured mortgages, focusing on the long-term care,
assisted living and hospital sectors. CFG is a leader in the HUD-insured
mortgage industry, having provided over $2 billion in mortgages
nationwide. Justin Hutchens, NHI’s CEO and President, noted, “CFG has a
long history of providing capital to the industry in which we
specialize. Our business relationship in the past has involved
participating in new bridge financing to borrowers and in making
referrals of new business opportunities. We look forward to enhancing
this business relationship with our loan commitment.”
About National Health Investors
National Health Investors, Inc. is a healthcare real estate investment
trust that specializes in the financing of healthcare real estate by
purchase and leaseback transactions and by mortgage loans. NHI’s
investments involve skilled nursing facilities, assisted living
facilities, independent living facilities, medical office buildings and
hospitals. The common stock of the company trades on the New York Stock
Exchange with the symbol NHI. Additional information about NHI,
including its most recent press releases, may be obtained on NHI's web
site at www.nhireit.com.
Statements in this press release that are not historical facts are
forward-looking statements. NHI cautions investors that any
forward-looking statements may involve risks and uncertainties and are
not guarantees of future performance. All forward-looking statements
represent NHI's judgment as of the date of this release.Investors
are urged to carefully review and consider the various disclosures made
by NHI in its periodic reports filed with the Securities and Exchange
Commission, including the risk factors and other information disclosed
in NHI’s Annual Report on Form 10-K for the most recently ended fiscal
year. Copies of these filings are available at no cost on the SEC's web
site at http://www.sec.gov
or on NHI’s web site at http://www.nhireit.com.
National Health Investors, Inc.
Roger R. Hopkins, 615-890-9100
Chief
Accounting Officer
Source: National Health Investors, Inc.