The interest-only bridge financing carries a 24-month term with two 6-month extension options and features a floating interest rate. The borrower also secured an interest rate cap to mitigate future rate fluctuations.
“This transaction underscores Greystone’s experience in structuring complex healthcare acquisitions with tailored financing that positions our clients for long-term success,” said Mr. Clare.
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:
Fran Del Valle
Influence Consulting Group for Greystone
fran@influencecentral.com
