This loan will enable LCCA to finance the acquisition of two skilled nursing facilities. Additionally, LCCA will use the loan to refinance an existing construction loan on a third facility.

"Over the years we've worked with LCCA to deliver both large and small structured financing arrangements tailored to solve their business challenges," said Jason McMeen, senior vice president for GE Healthcare Financial Services. "In this particular deal we were able to move quickly to find a mutually beneficial deal structure, which included 100 percent acquisition financing by leveraging existing equity in previously financed portfolios."

"GE has been a long-term partner that's focused on helping solve our finance needs," said David Weiss, transaction advisor and member of the LCCA Board of Directors. "They were able to leverage existing equity in a previously held portfolio and move quickly on the deal -- closing within the tight timeframe that was required. This was critical to the success of the financing" - General Electric.