Griffin-American lifts credit facility commitments to $530 million

By Sarah Lizee

Olympia, Wash., Nov. 7 – Griffin-American Healthcare REIT IV, Inc. entered into a commitment increase agreement with Bank of America, NA as administrative agent on Nov. 1, providing for an incremental term loan in the amount of $45 million and additional revolving loans in the amount of $85 million, according to an 8-K filing with the Securities and Exchange Commission.

As of Nov. 1, the aggregate borrowing capacity under the facility was $530 million and there were $369.1 million in borrowings outstanding.

Griffin-American is an Irvine, Calif.-based real estate investment trust building a portfolio of health care real estate assets.

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