On January 31, 2009, pursuant to the Mortgage Purchase Agreement, dated as of September 30, 2008, by and between Care Investment Trust Inc. (the "Company") and CIT Healthcare LLC, the Company's external manager (the "Manager"), the Company agreed to sell to the Manager one senior whole loan made to a skilled nursing facility in Virginia with a current principal balance of $26,996,381.33 (the "Loan") for a purchase price of $22,541,978.41, or 83.5% of the current principal balance of the Loan. Pursuant to the Assignment Agreement, the Company, for a period of twelve months following the closing, is obligated to indemnify the Manager for any damages suffered or incurred by the Manager due to a breach of a representation or warranty made by the Company with respect to the Loan. This summary of the terms of the Assignment Agreement is qualified in its entirety by reference to the Assignment Agreement itself, which is attached hereto as Exhibit 10.1.
Item 9.01 Financial Statements and Exhibits.

(d) Exhibits The following exhibits are filed as part of this Report to the extent described in Item 1.01.

Exhibit No.    Description of Document
10.1           Assignment Agreement, dated as of January 31, 2009, by and between
               Care Investment Trust Inc. and CIT Healthcare LLC.