Credit Suisse finances $1.4b medical portfolio.Credit Suisse The Credit Suisse Group (SWX:CSGN, NYSE: CS) is a financial services company, headquartered in Zürich, Switzerland. It is the second-largest Swiss bank, behind UBS AG. announced it has financed a 260-facility Skilled Nursing portfolio consisting of 26,725 beds located across 22 states. The $1.4 billion loan funded in March 2006. The financing was structured as a five-year term, with a 25-year amortization. The Credit Suisse Healthcare Program provides in-depth industry expertise and an aggressive lending platform with loan amounts ranging from $5 million to $1.5 billion. The program offers flexible and timely financing solutions for Skilled Nursing, Assisted Living as·sist·ed living n. A living arrangement in which people with special needs, especially older people with disabilities, reside in a facility that provides help with everyday tasks such as bathing, dressing, and taking medication. , Independent Living, Medical Office Facilities and Ambulatory Surgery Centers ambulatory surgery center A free-standing center that performs various types of surgery . Other financial products provided by Credit Suisse include fixed and floating rate mortgages, mezzanine financing Mezzanine Financing A hybrid of debt and equity financing. Mezzanine financing is typically used to finance the expansion of existing companies, and it is basically debt capital that gives the lender the rights to convert to an ownership or equity interest in the company if the and agency financing with loan amounts ranging from $1 million to $1.5 billion. |
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