Snowpoint Capital Management recently closed a $2.8 million acquisition loan for a 36-bed rehabilitation and recovery center in Ringwood — Courtesy: Snowpoint Capital Management
By Joshua Burd
The buyer of a rehabilitation and recovery center in Passaic County has secured $2.8 million in financing, in a newly announced transaction by Snowpoint Capital Management.
The direct private lender announced recently that it closed the acquisition loan in connection with the 36-bed facility, which is located in Ringwood. The firm did not disclose the name of the borrower or the property’s address.
Snowpoint Principals Scott Vandersnow and Adam Kent lead financing efforts for the Ridgewood-based firm.