Eagle Group Finances Acquisition of Southern California Assisted Living Facility

LOS ANGELES - April 30, 2015 - PRLog -- Private money lender Eagle Group Finance has provided a local investor operating as Vista del Sol Propco LLC with a $3.1 million first mortgage loan for the acquisition of Vista del Sol, an assisted living and skilled nursing facility in Culver City.

         Eagle was able to fund the non-recourse, interest-only loan within 10 days of application allowing the experienced healthcare operator to quickly seize on the off-market opportunity.  The loan includes an initial term of 12 months, with a one-year extension to provide the borrower the necessary time to complete the lengthy process of obtaining permanent financing through the HUD/FHA Insured program.

         “There is a significant shortage of quality nursing care, hospice and assisted living facilities, in West Los Angeles,” said Eagle Group Finance President Brian Good.  “The borrower has proven himself as a skilled operator providing exemplary patient care and is building a significant portfolio to meet that need.”

         Built in 1956, Vista del Sol is located at 11620 Washington Boulevard and features a 50-bed Skilled Nursing Facility and eight assisted care resident cottages.

         Philip Cohen of Mansfield Equities arranged the financing.

About Eagle Group Finance L.P.
Eagle Group Finance, L.P. is a West Coast-based direct lender that provides short term bridge financing to commercial property owners at fixed interest rates on a non-recourse basis. Eagle lends on all property types in California, Nevada, Arizona. Colorado and Texas. Visit our website at www.eaglegroupfinance.com for more information about our loan program.