The healthcare real estate firm Lillibridge has secured $250 million in debt refinancing in a series of deals that closed earlier this quarter.
Lillibridge's CFO, Joe Kurzydym, said that the company's strength was the reason the Chicago-based firm was able to refinance this debt in this economy, but the deal could augur well for healthcare real estate generally.
The firm announced that the refinancing does not include any construction loans but is for permanent financing on existing healthcare properties.
"This refinance during these tough economic times shows that our company continues to have a very strong capital structure," said Lillibridge chairman and CEO Todd W. Lillibridge. "It's a testament to the quality of properties that we own that we were able to secure this amount of debt financing.”