CHEVY CHASE, Md.--()--Forbright Bank’s Healthcare and HUD lending teams closed 2024 with strong deal activity and enter 2025 well-positioned to provide customized lending solutions to healthcare facilities nationwide. Last year, the Healthcare and HUD lending teams provided more than $400 million in financing to organizations in more than a dozen states. Healthcare providers took advantage of Forbright Bank’s one-stop healthcare lending solutions including bridge loans, revolvers, and HUD financing, and the Bank’s financing helped support the growth and operational stability of seniors housing, skilled nursing, and behavioral health facilities.

“We are proud to be a leader in financing solutions for healthcare providers across the country, and we look forward to continuing to deliver innovative solutions to clients in 2025,” said Jonathan Grenier, Managing Director for Healthcare Lending at Forbright Bank.

“Our team’s creative and customized lending terms set up healthcare providers for long-term success and help ensure communities have vital access to the care they need,” added Jared Richards, Managing Director for Healthcare Lending at Forbright Bank.

“Our Healthcare and HUD teams’ sustained success and deep collaboration reflect our unwavering commitment to providing clients with lending solutions that meet the unique challenges they face,” concluded Jonathan Camps, Managing Director for HUD Lending at Forbright Bank.

Select recent transactions include:

  • Oregon – a $40 million bridge loan for the acquisition of three seniors housing facilities. Underwriting was done in conjunction with Forbright Bank’s HUD team.
  • Massachusetts – a $38 million term loan and $5 million revolver for the acquisition and renovation of two nursing homes by an experienced regional operator with a strong presence in the state. Underwriting was done in conjunction with Forbright Bank’s HUD team.
  • New York and Michigan – $36 million of term loans for the acquisition of three Class A senior housing properties by an experienced institutional sponsor.
  • California – a $12 million revolver for the acquisition and working capital of a portfolio of skilled nursing facilities.
  • Georgia – a $10.7 million 232/223(f) loan to a skilled nursing facility which refinanced existing Forbright Bank bridge debt, an unsecured partnership note, and all transaction costs associated with the HUD loan.

As the demand for high-quality healthcare services grows, Forbright Bank remains at the forefront of providing tailored financial solutions to healthcare providers large and small. The Bank’s Healthcare team has decades of experience providing loans for acquisition, recapitalization, working capital, and other lending products and services to skilled nursing, seniors housing, and behavioral health facilities across the nation.

Forbright’s HUD financing helps organizations access non-recourse, assumable financing for the purchase, refinance, substantial rehabilitation, or new construction of licensed skilled nursing, assisted living, and memory care facilities nationwide.

With a legacy of supporting healthcare providers, Forbright Bank continues to drive meaningful impact in helping build a more sustainable economy.

About Forbright Bank

Forbright Bank (www.forbrightbank.com), Member FDIC, Equal Housing Lender, is a bank and commercial lender committed to sustainability. Headquartered in Chevy Chase, Maryland, Forbright is committed to accelerating the transition to a sustainable economy by financing the companies, investors, and innovators driving that change.