{"id":4548,"date":"2021-11-21T17:08:26","date_gmt":"2021-11-21T23:08:26","guid":{"rendered":"https:\/\/1reason.com\/re\/greystone-provides-13-6-million-in-bridge-acquisition-financing-for-south-florida-healthcare-campus\/4548\/"},"modified":"2021-11-22T11:08:26","modified_gmt":"2021-11-22T17:08:26","slug":"greystone-provides-13-6-million-in-bridge-acquisition-financing-for-south-florida-healthcare-campus","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/greystone-provides-13-6-million-in-bridge-acquisition-financing-for-south-florida-healthcare-campus\/4548\/","title":{"rendered":"Greystone Provides $13.6 Million in Bridge Acquisition Financing for\u00a0South Florida Healthcare Campus"},"content":{"rendered":"<div> The transaction was originated by Leor Dimant, Managing Director at Greystone, on behalf of long-standing senior housing group, Gold Standard of Care.    <\/p>\n<p>The property, located at 2090 North Congress Avenue in West Palm Beah, combines two senior living communities formerly known as Savannah Court, and a skilled nursing facility, Savannah Cove of the Palm Beaches. The assets were purchased from National Healthcare REIT (\u201cNHI\u201d). Greystone intends to transition the acquisition bridge financing to permanent HUD-insured financing.<\/p>\n<p>\u201cGreystone\u2019s expertise in senior housing and healthcare, coupled with their industry-leading bridge-to-HUD platform for financing acquisitions, made it a simple choice to finance the purchase through them,\u201d said Gold Standard of Care\u2019s CFO, Rich Lecomte.<\/p>\n<p>The sponsors, Ricki Kaneti of Colonial Assisted Living and Michael Verbitsky of Gold Standard Care are deeply rooted, senior living owner operators in Florida with a track record for stabilizing assets.<\/p>\n<p>\u201cWorking alongside Ricki and Michael together with their teams at Gold Standard of Care on this transaction has truly been a pleasure,\u201d said Mr. Dimant. \u201cThis group truly cares about their residents and communities, and it\u2019s gratifying to help such high-quality sponsors in the healthcare business.\u201d<\/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=BivG0dz8Z1hl7XESB9maABBBJJhKDt3zdWx-8NeDyqfhbULzwQDz8Y9uYpYcIgSDdvoX3olKf-SISh8T7y2zBA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\" title=\"www.greystone.com\">www.greystone.com<\/a>.<\/p>\n<p><strong>About Gold Standard of Care<\/strong><br \/>Gold Standard of Care is an opportunistic senior housing real estate investor and developer with a longstanding track record of successful stabilization with seniors housing and healthcare assets in Florida.<\/p>\n<p><strong>PRESS CONTACT:<\/strong><br \/>Karen Marotta<br \/>Greystone<br \/>212-896-9149<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=12v7p_CHhyKEPTEA_f2E8N55Du_zl36ZqCQ6vKMJbE0_9pVGXy84LOEc59tN7SI643GEkuOtgGNsVxTddY8OitzLNLkxQoBrf-6nhHwQ7dM=\" 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\/ZjE2NzczODktYmZjMS00MDZhLWJjNzItNjk1NzY1YWIxNGQwLTEwMzQ5NDg=\/tiny\/Greystone.png\"><\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<p align=\"left\">NEW YORK, Nov. 02, 2021 (GLOBE NEWSWIRE) &#8212; Greystone, a leading national commercial real estate finance company, has provided a $13,600,000 bridge loan for the acquisition of a 144-bed senior housing campus consisting of assisted living, memory care and skilled nursing in West Palm Beach, FL.<\/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\/4548"}],"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=4548"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/4548\/revisions"}],"predecessor-version":[{"id":4571,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/4548\/revisions\/4571"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=4548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=4548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=4548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}