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A notable international bank engaged Blueprint to oversee the sale of its interest in a 180-bed skilled nursing facility located in the Santa Rosa area of Northern California. The mortgage on the facility was in default despite the facility’s strong historical operating performance and occupancy.
The facility demonstrated extremely high top-line revenue, strong-per-patient day revenues, and robust in-place cash flow, positioning it as a top performer in its submarket. Catering to both short-term rehabilitation and long-term care residents, the facility meets the strong demand for skilled nursing services in the region.
Blueprint’s marketing efforts highlighted the facility’s strong financial performance, operational efficiency, and potential for sustained returns, highlighted by the scarcity of acute skilled nursing beds in this part of California. The campaign garnered widespread interest from California-based and national owners/investors alike. An experienced California-based owner/operator was ultimately selected as the buyer of the note.
The note sale transaction closed at the agreed-upon purchase and ahead of schedule. This transaction further underscores Blueprint’s ability to successfully tackle complex transactions and deliver results for our clients.
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