Forbright Bank Healthcare Team Closes Three Deals to Kick Off 2024

CHEVY CHASE, Md.--(BUSINESS WIRE)--Forbright Bank’s Healthcare Lending team closed three new loans in the first quarter of 2024. The loans, all provided to well established owners/operators, helped finance the acquisition of two assisted-living facilities in the Midwest and two skilled-nursing facilities in the Southeast. In total, more than $50 million of bridge and bridge-to-HUD lending financed about 500 beds for seniors across four facilities. "Forbright’s Healthcare team has worked tireles