Siena Healthcare Finance Provides a $20 Million Credit Facility to a Group Of Skilled Nursing Facilities

Siena Healthcare Finance today announced the closing of a $20MM working capital facility for an Ohio based chain of skilled nursing facilities. Siena refinanced the line of credit from a large commercial bank.

“We offered a competitive financing package with the flexibility to meet our client’s needs and without some of the restrictions of their former bank line,” said Jennifer Sheasgreen, Siena Healthcare Finance President. “We focus on addressing our Borrower’s needs expediently and collaboratively and that often sets us apart from other lenders.”

About Siena Healthcare Finance

Siena Healthcare Finance, a specialized division of Siena Lending Group, is dedicated solely to serving companies within the healthcare sector, providing for loans from $4 - $50 million.

Siena Lending Group is a leading asset-focused lender providing financing solutions from $7.5 to $100 million across the United States and Canada. We operate across most industry sectors and provide senior secured solutions to privately held middle-market companies and publicly traded industry leaders. Siena has also earned a reputation as a trusted financing partner to private equity firms and other financial sponsors. Since 2012, Siena has consistently found creative ways to provide borrowers with maximum flexibility and liquidity. With deep lending experience and expertise in complex situations, clients know Siena brings the patience and perspective to help them work through challenges and achieve their long-term visions. Siena is a portfolio company of Franklin BSP Lending Corporation, an affiliate of Benefit Street Partners L.L.C. ("BSP"). BSP, a leading credit-focused alternative asset management firm, is a wholly-owned subsidiary of Franklin Resources, Inc.