Abbey Mansfield Ruby

Practice Areas

Commercial Lending | Financial Services | Healthcare & Life Sciences | Healthcare Investors and Lenders | Long-Term Care Facilities | Private Equity | Multifamily Housing

Career

Abbey Ruby is a financial services attorney in Holland & Knight's Nashville office and a Practice Group Leader of the firm's Financial Services group. Ms. Ruby brings insight to lenders, agents, private equity sponsors and corporate borrowers in complex financings and related transactions, including acquisition financings, first and second lien facilities, bridge loan facilities, mezzanine loans, asset-based lines of credit, real estate and construction financings, cash flow loans, capital call/subscription facilities, restructurings and workouts.

Ms. Ruby represents lenders, agents and borrowers in finance transactions spanning a wide range of industries, with particular emphasis on healthcare including loans to owners and operators of senior living and behavioral health facilities, as well as multifamily real estate loans. Her experience also includes complex cross-border and multi-currency facilities. Ms. Ruby also has extensive experience representing private equity firms and their portfolio companies on a wide variety of financing transactions.

Experience

Senior Living and Post-Acute Care

- Represented the lenders in a $45 million asset-based revolving line of credit to the owners and operators of 32 skilled nursing and assisted living facilities in six states

- Represented the lender in $68.5 million of term and accounts receivable loans to the owners and operators of multiple skilled nursing facilities in Georgia

- Represented the lender in $50 million of term and accounts receivable loans to finance the acquisition and operations of three skilled nursing facilities in Florida

- Represented the lender in a $40 million asset-based revolving line of credit to the operators of 28 skilled nursing and assisted living facilities in five states which closed in a multistage transaction

- Represented the lender in $144 million of term and accounts receivable loans to the owners and operators of multiple skilled nursing and assisted living facilities in Virginia

- Represented the lender in a $29 million term loan to finance the construction of an independent living, assisted living and memory care facility in Maryland

- Represented the lenders in $126 million of term loan and accounts receivable loans to finance 14 skilled nursing facilities in Washington, Idaho and Oregon in connection with a Chapter 11 proceeding relating to the facilities

- Represented the lenders in a $197.5 million term loan to finance the acquisition of 24 assisted living and memory care facilities in three states, which also involved C-PACE financing

- Represented the lender in $49.25 million of term and accounts receivable loans to finance the acquisition of four skilled nursing and assisted living facilities in Ohio

Behavioral Health

- Represented the lender in $37.5 million of term and accounts receivable loans to the unrelated owner and operator of a luxury rehabilitation and mental health care center in Colorado

- Represented the lender in a $83.5 million term loan to the owners and operators of 13 inpatient and outpatient drug and alcohol treatment and recovery centers across five states

- Represented the lender in a $7 million term loan to the owner and operator of a private therapeutic boarding school for adolescent girls in Arizona

- Represented the lender in a $25 million term loan to the owners of an acute psychiatric hospital and an inpatient drug and alcohol treatment center in Ohio

- Represented the lender in a $18 million term loan to finance the construction of an inpatient rehabilitation hospital in Arizona

- Represented the lender in a $2 million term loan to finance the acquisition and renovation of a detox center in Colorado

Multifamily

- Represented the lender in $258 million of term loans to the owners of 11 multifamily developments in Pennsylvania, Delaware and New Jersey

- Represented the lender in a $25 million loan to finance the construction of a historic multifamily development in South Carolina

- Represented the lender in a $54 million term loan to the owner of a multifamily development in New York

- Represented the lender in a $14 million term loan to the owner of a multifamily development in Georgia

- Represented the lender in $180 million of first and second lien term loans to finance the acquisition of a portfolio of five multifamily housing developments in Alabama as part of a "reverse 1031 exchange" under Section 1031 of the Internal Revenue Code

- Represented the lender in a $12 million term loan to the owner of a multifamily development in South Carolina