Helios Healthcare Advisors Arranges Credit Facility on Behalf of EVA Care Group.

CHICAGO, IL — Helios Healthcare Advisors announces its role in the refinance of a 66-bed Assisted Living community and a 99-bed Skilled Nursing facility located in southern California. Helios was engaged on behalf of EVA Care Group, a national healthcare conglomerate based in Los Angeles.

Proceeds from the Assisted Living refinance went towards retiring a matured seller note and for renovations to enhance the facility’s appeal and marketability. The Skilled Nursing asset, which was previously unencumbered, secured a cashout refinance to fund working capital needs within the organization.

Both communities faced challenges in maintaining a stable census throughout the past year. Helios secured near-immediate funding through a private credit fund that underwrote the request on a low loan-to-value basis. The entire process, from Term Sheet execution to funding, took only 15 days.

“We are pleased to have partnered with EVA Care on this transaction,” said Bill Janis, Managing Director. “This financing not only alleviated immediate financial pressure but also provided the resources needed to revitalize these facilities and ensure their long-term success. The private credit solution was the best path given their ability to close in time frame necessary.