BayernLB provides EUR 32m refi facility for German nursing homes

By A staff reporter 2012-09-12T00:00:00

German lender BayernLB is providing a EUR 32 mln refinancing loan to unnamed fund investors who own a portfolio of six nursing homes in Germany. The four assets in Bavaria and two in Hesse, totalling 650 beds, are operated by European pharmaceuticals firm Phoenix Group.

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