New York, NY, Dec. 10, 2025 (GLOBE NEWSWIRE) -- IDB Bank (“IDB”), a New York-based private and commercial bank, has served as co-lead arranger in a senior debt facility of $103 million to support the acquisition of a portfolio of skilled nursing and assisted living facilities with locations in Tennessee, Georgia and Missouri. The recent deal signals both the Bank’s extensive and collaborative financing capabilities, as well the growing momentum of its national Healthcare financing platform across high-opportunity domestic markets.
“This deal marks another milestone for our business, as we continue to execute on our strategic growth agenda in 2025 and beyond. This transaction continues to not only demonstrate the strength of IDB’s lending platform, but also highlights our unique ability to meet our customers’ needs by executing on larger, more complex transactions,” said Michael Palermo, National Head of Healthcare Lending.
Under Palermo’s leadership, the deal was spearheaded by June Lee, VP, Healthcare, with support from John Bertolozzi, SVP, Commercial Loan Syndications to execute the deal’s unique financing structure.
The successful financing follows several notable deals for the Bank’s National Healthcare Lending division, signaling our continued industry enthusiasm, and rounding out a very active and successful year.
Recent Healthcare Deals:
- February 2025: IDB arranged $51.2 million in acquisition financing to benefit a skilled nursing portfolio based in Massachusetts. The deal was led by Michael Palermo and Michael Zerdy.
- March 2025: IDB served as the sole lender to provide $28 million in acquisition financing to benefit a medical office building in St. Louis, Missouri. The deal was completed by Thomas Belli.
- March 2025: IDB served as sole lender to provide $26.2 million in bridge financing to a skilled nursing facility in Pennsylvania to facilitate a near-term HUD takeout. The deal was completed by Michael Palermo and Thierry Decembre
- May 2025: IDB served as Lead Arranger and provided $38.3 million in financing to facilitate a recapitalization of debt for a portfolio of assisted living and skilled nursing facilities based in Florida. The deal was led by Michael Palermo and Michael Zerdy
- October 2025: IDB served as sole lender to provide $19.5 million in financing to a skilled nursing facility in Florida. The loan proceeds were used to provide a cash-out refinance. The deal was led by Michael Palermo and Michael Zerdy
Contact our Team:
- Michael Palermo, National Head of Healthcare Lending
(212) 551-8643
MPalermo@idbny.com
- Christopher Dowd, Head of Specialty Finance
(212) 551-8731
CDowd@idbny.com
- John Bertolozzi, SVP of Commercial Loan Syndications
(212) 551-8743
MBertolozzi@idbny.com
- Tom Belli, SVP & Head of California Healthcare
(213) 861-6442
TBelli@idbny.com
- Thierry Decembre, FVP & Senior Relationship Manager of Healthcare
(212) 551-8723
TDecembre@idbny.com
- Michael Zerdy, FVP & Senior Relationship Manager of Healthcare
(212) 551-8953
MZerdy@idbny.com
- June Lee, VP & Relationship Manager of Healthcare
(212) 551-8327
JLee@idbny.com
About Israel Discount Bank of New York ("IDBNY" or "IDB Bank")
IDB Bank is a New-York State-chartered commercial bank, a member of the FDIC, and a wholly owned subsidiary of Israel Discount Bank LTD., one of Israel's leading Banks. In addition to its Manhattan headquarters, IDB Bank operates full-service offices in California, Florida and the tristate area, including branch locations in Brooklyn, N.Y, Staten Island, N.Y and Short Hills, N.J. The Bank provides a complete range of private banking and commercial banking services to U.S and international clients.
For 70 years IDB Bank has built its business by fostering deep relationships with its clients, rapid decision-making, and the ability to develop custom-tailored solutions for both its domestic and international clientele.
IDB Bank is a registered service mark of Israel Discount Bank of New York. IDB Bank is the U.S. subsidiary of Discount Bank, Ltd. Israel Discount Bank is a member FDIC and Equal Housing Lender Opportunity financial institution.
KLichtenfeld@idbny.com Israel Discount Bank 212-551-8797 KLichtenfeld@idbny.com Nicole Siciliano 212-551-8794 Nsiciliano@idbny.com