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Southern IL SNF Loan
For a rural 100+ bed IL SNF, MIG sourced 80% LTC, 20-year bank financing despite recent operating losses.
Overview
MIG was engaged to sell a 100+ bed skilled nursing facility in a small rural market of Southern Illinois. The asset represented a value-add opportunity with strong upside potential for an experienced operator willing to address operational inefficiencies, increase census, and reinvest in the property. The buyer engaged requested MIG’s debt arrangement platform knowing that MIG’s debt team has devoted a lot of time developing regional/community bank relationships in the surrounding zip codes.
Results
MIG secured multiple quotes from lenders and ultimately selected a seasoned regional bank that became comfortable providing 80% LTC financing on a 20-year term with a variable rate in the low 7s, despite significant recent operating losses.
Conclusion
This transaction underscores MIG’s ability to deliver results in challenging rural markets where execution risk is high and precision is critical. Building on its track record in investment sales, MIG leveraged its deep regional banking relationships and debt placement capabilities to structure financing that supported a complex turnaround acquisition. By combining local insight, persistence, and strategic lender partnerships, MIG continues to convert high-risk opportunities into successful outcomes, positioning clients for long-term stability and growth.
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