Eyzenberg & Company recapitalized a diversified $230MM healthcare portfolio by arranging an offshore, Sharia-compliant capital solution.
Challenges
Sourcing equity and structured capital for rural hospitals in a tertiary market proved to be a challenging endeavor for the Sponsor. Additional time constraints made it impossible to do a HUD execution.
Solutions
Eyzenberg & Company arranged REILS (Real Estate Index Linked Securities) structured equity with a domestic issuer. A series of leases were executed to enable rent to mimic interest payments thereby qualifying the opportunity for Sharia-compliant investors. The capital infusion provided the sponsor the ability to repatriate capital, acquire additional properties and to renovate existing ones.
sschumer@Eyzenberg.com
D: (305) 995-0777 ext .306
C: (305) 360-9625
afriedman@eyzenberg.com
D:(212) 519-1140 ext. 101
C: (203) 858-3960
