First Citizens Bank’s healthcare finance business served as lead arranger for a $260 million loan to refinance a portfolio of 12 skilled nursing facilities in Maryland.

“Skilled Nursing is a critical piece of the post-acute spectrum of care, and we are pleased to have supported this financing on behalf of a new client,” William Douglass, head of First Citizens Healthcare Finance, said.

“Our team quickly understood the key needs and priorities and were able to leverage First Citizen’s sector knowledge to ensure a smooth execution. We were able to deliver on the promises we made,” Michael Coiley, a managing director on the healthcare finance team, said.