Trilogy Skilled Nursing Portfolio
Term Loan Credit Facility
Senior-Secured Revolving Credit Facility
KeyBank Real Estate Capital has provided a total of $105 million to Trilogy Property Holdings, LLC (Trilogy) through FHA 232/223(f) loan program for a 10-property, skilled nursing and assisted living portfolio. The 10 properties, totaling 1,078 beds, span Ohio, Kentucky, Indiana and Michigan and were built between 2000 and 2014. Founded in 1997 and based in Louisville, KY, Trilogy is a leading owner-operator of senior care campuses and provider of select ancillary healthcare services in the Midwestern region of the United States. Over the last 21 years, Trilogy has consistently grown its portfolio of senior care campuses to better serve the local communities in which it operates.
The financing was used to pay down two separate KeyBank-led syndicated credit facilities. The first credit facility is a term loan structured to provide financing to fund an acquisition of nine licensed healthcare facilities. The second is a senior-secured revolving credit facility secured by multiple properties owned by Trilogy.
The financing team consisted of John Randolph from Key’s Commercial Mortgage Group and Laura Conway and Jonathan Slusher from Key’s Healthcare Group.