White Oak Healthcare Finance acted as sole lender and administrative agent on the funding of a $33.2 million senior credit facility for Granite Investment Group. The funds were used to refinance a portfolio of four skilled nursing facilities in Texas.

“Granite is an experienced real estate investor that has become one of the top investors in the post-acute care industry,” said Isaac Soleimani, managing director and partner at White Oak. “It was a pleasure to work with their team of talented investment professionals. We look forward to continued growth with Granite in the years to come.”

Based in Irvine, CA, Granite Investment Group is a privately held, real estate investment firm focused on multi-family, senior housing, and post-acute care. It currently manages a portfolio of commercial real estate assets valued in excess of $500 million, based on purchase price, primarily comprised of senior housing facilities and has bought and sold approximately $1.5 billion in commercial real estate equity and debt on behalf of thousands of investors since 1995.

“White Oak provided us with a compelling financing package that met our needs as an owner of post-acute care facilities. Because of their deep experience in senior housing they were able to understand our needs and be creative in ways that banks just couldn’t match. This flexibility coupled with a high certainty of execution and quick turnaround made for a great experience. It was a positive experience from term sheet to funding,” said Jason Price, senior vice president at Granite.