Illinois developed the Supportive Living Program as an alternative to nursing home care for low-income older persons requiring mid-range care needs as opposed to skilled nursing. Greystone’s HUD-insured non-recourse loans both carry 35-year terms, full-term amortization, and low, fixed rates. The two SLF properties consist of a total of 272 units between the two buildings, built in 2004 and 2005.
“Having led several Supportive Living Facility financing transactions in Illinois over the past few years, I have developed a particular expertise in this asset type, which is a unique combination of much-needed services and amenities in an affordable housing environment,” said Mr. Rosenstock. “Greystone’s HUD-insured financing solution is an ideal long-term solution for the Supportive Living asset class, benefiting the property and residents for years to come.”
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
