The portfolio, comprising of two communities, includes a combined total of 118 skilled nursing units (186 licensed SNF beds), 16 memory care units, 232 assisted living units (317 licensed AL/MC beds), and 10 independent living units. The bridge loan enables the borrower to refinance the properties and position the assets for long-term, HUD-insured permanent financing.
“Bridge-to-HUD financing is a strategic solution for healthcare operators seeking to execute a transition plan and position assets for agency takeout,” said Mr. Clare. “We are proud to support our client in Ohio with a tailored capital solution that aligns with both their immediate refinancing needs and long-term objectives.”
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.
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