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25-Sep-2018

Great Rock Capital Closes $10 Million Credit Facility, Marking First Underwriting in the Healthcare Industry

Great Rock Capital Closes $10 Million Credit Facility, Marking First Underwriting in the Healthcare Industry Capital provided to a leading skilled nursing and assisted living operator

PR Newswire

WESTPORT, Conn., Sept. 25, 2018

WESTPORT, Conn., Sept. 25, 2018 /PRNewswire/ -- Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced the close of a $10 million credit facility to a leading skilled nursing and assisted living provider that operates 64 facilities in the Southwest. Great Rock Capital's investment – $10 million of a $20 million credit facility – marks the firm's first underwriting in the healthcare industry.

"We are pleased to partner with an experienced healthcare lender on this transaction," said Stuart Armstrong, CEO of Great Rock Capital. "This investment is Great Rock Capital's first opportunity to provide growth capital to a customer in the healthcare industry, an industry we are targeting to help fuel our future growth."

About Great Rock Capital

Great Rock Capital is an asset-focused commercial finance company specializing in serving the needs of middle-market companies with a wide variety of secured lending products. Great Rock Capital provides fast, flexible and creative financing solutions to maximize its customers' liquidity to enable them to better execute their business plans.

Company Contact: Jenn Cronin, Marketing and Business Development, (203), 557-6277, Cronin@greatrockcapital.com  

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SOURCE Great Rock Capital

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Last Updated: 25-Sep-2018