{"id":4253,"date":"2021-10-23T01:11:55","date_gmt":"2021-10-23T06:11:55","guid":{"rendered":"https:\/\/1reason.com\/re\/greystone-provides-50-million-in-bridge-financing-for-6-property-skilled-nursing-portfolio-in-ohio\/4253\/"},"modified":"2021-10-23T20:11:55","modified_gmt":"2021-10-24T01:11:55","slug":"greystone-provides-50-million-in-bridge-financing-for-6-property-skilled-nursing-portfolio-in-ohio","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/greystone-provides-50-million-in-bridge-financing-for-6-property-skilled-nursing-portfolio-in-ohio\/4253\/","title":{"rendered":"Greystone Provides $50 Million in Bridge Financing for 6-Property\u00a0Skilled Nursing Portfolio in Ohio"},"content":{"rendered":"<div> The transaction was originated by Fred Levine of Greystone.  <\/p>\n<p align=\"justify\">The portfolio, totaling 719 beds, is secured by a floating rate, interest-only loan funded through our uniquely non-recourse bridge loan program. Greystone intends to move the financing to a permanent exit with a HUD-insured loan as soon as possible<\/p>\n<p>The portfolio includes:<\/p>\n<ul type=\"disc\">\n<li>A 150-bed community in Berea, OH;<\/li>\n<li>A 130-bed community in Cleveland, OH;<\/li>\n<li>A 150-bed community in Cleveland, OH;<\/li>\n<li>A 99-bed community in Kent, OH;<\/li>\n<li>An 85-bed community in Clyde, OH; and<\/li>\n<li>A 90-bed community in Waterville, OH.<\/li>\n<\/ul>\n<p>\u201cI may be getting old, but the excitement of helping quality operators acquire facilities so they can provide amazing care for their residents never gets old,\u201d said Mr. Levine.<\/p>\n<p align=\"justify\"><strong>About Greystone<\/strong><br \/>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 <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=bL5uGbQQ84PSGcI3Ky4f6Nkum9pioDLuV4_PrWIvntNwO4Ac4OKcBwktp0ZYG72J3ndGtcXRgkDSoudlWZ5DGQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\" title=\"www.greystone.com\">www.greystone.com<\/a>.<\/p>\n<p align=\"justify\"><strong>PRESS CONTACT:<\/strong><br \/>Karen Marotta<br \/>Greystone<br \/>212-896-9149<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=CtxDBE-zlshwm3Vgr0B8lne1aMnpf3qigdyH_gCwWkAFFyW6tMvOgPmZSJU2lTRwDP9MxbeqQFyrn9npxPF8PiJrKfm_axShViomzUDkAcU=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\" title=\"Karen.Marotta@greyco.com\">Karen.Marotta@greyco.com<\/a><\/p>\n<p><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" data-src=\"https:\/\/ml.globenewswire.com\/media\/MWQwODVkY2ItZjFiOS00MzZmLTgwNTEtNDFhZDBkOTE5M2EyLTEwMzQ5NDg=\/tiny\/Greystone.png\"><\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<p align=\"justify\">NEW YORK, Oct. 04, 2021 (GLOBE NEWSWIRE) &#8212; Greystone, a leading national commercial real estate finance company, has provided a $50,100,000 bridge loan for the acquisition of a six-property skilled nursing portfolio in Ohio.<\/p>\n<\/div>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/4253"}],"collection":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/comments?post=4253"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/4253\/revisions"}],"predecessor-version":[{"id":4279,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/4253\/revisions\/4279"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=4253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=4253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=4253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}