Taxable Bridge Loan
|Client & Transactional Partners||Sanford Health||Our Role||Structuring & Sales Officer|
Cain Brothers served as Structuring and Sales Officer for a $655,006,000 taxable bridge loan for Sanford Health (“Sanford”), a long-time client of Cain Brothers. This transaction, structured and closed over a one month period, represents one of the largest non-syndicated bridge financings ever completed for a not-for-profit health care credit and is an illustration of the balance sheet lending that Cain Brothers can provide its clients as a division of KeyBanc Capital Markets. In addition to the structuring services, Cain Brothers served as the Bidding Agent on four defeasance escrows and assisted in the termination of four reinvestment products.