Doral Healthcare Finance provided a three year $7 million revolving line of credit to a chain of HUD and Non-HUD nursing homes managed by LA Management.  Proceeds from the transaction will be used for working capital and to refinance existing debt at a lower cost. LA Management is a nursing home management company, located in Clearwater, FL.

“We are glad to be able to help LA Management improve their financial position to facilitate their plans and look forward to a long term relationship with them,” said Jennifer Sheasgreen, DHF managing director. 

“Doral was able to efficiently work through HUD’s requirements and close on both our HUD and Non-HUD lines expeditiously.” said Jordan Atkins, owner of LA Management.  “We look forward to growing our relationship with DHF as we expand into new territories.” 

Doral Healthcare Finance is a division of Doral Money, Inc. engaged in providing an asset-based lending, working capital lines of credit to providers of goods and services in the healthcare industry nationwide, including hospitals, home healthcare agencies and long-term care facilities with financing needs from one million to $20 million. DHF serves clients from their offices in Portland, OR.