The facility, comprising 190 beds, provides long-term care and rehabilitation, Alzheimer’s and dementia care, wound care & IV therapy, and therapeutic recreation. The bridge loan provided by Greystone carries a two and a half-year term with an extension option, and the borrower intends to pursue permanent financing from HUD.
“Greystone’s re-invigorated bridge lending platform has a long track record for providing creative financing for Borrowers to re-invest in their facilities and prepare for permanent financing with HUD,” said Mr. Levine. “Our team has 20+ years’ experience funding successful bridge to HUD transactions. It’s gratifying when repeat Borrowers understand and appreciate the value our experience brings to their transactions,” he added.
About Greystone
Greystone is a private national commercial real estate finance company with an established reputation as a leader in multifamily and healthcare finance, having ranked as a top FHA, Fannie Mae, and Freddie Mac lender in these sectors. Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC and/or other Greystone affiliates. For more information, visit www.greystone.com.
PRESS CONTACT:
Karen Marotta
Greystone
212-896-9149
Karen.Marotta@greyco.com
