{"id":6231,"date":"2022-06-06T18:23:29","date_gmt":"2022-06-06T23:23:29","guid":{"rendered":"https:\/\/1reason.com\/re\/greystone-facilitates-15-million-loan-for-senior-housing-property-in-seattle-washington\/6231\/"},"modified":"2022-06-07T13:23:29","modified_gmt":"2022-06-07T18:23:29","slug":"greystone-facilitates-15-million-loan-for-senior-housing-property-in-seattle-washington","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/greystone-facilitates-15-million-loan-for-senior-housing-property-in-seattle-washington\/6231\/","title":{"rendered":"Greystone Facilitates $15 Million Loan for Senior Housing Property\u00a0in Seattle, Washington"},"content":{"rendered":"<div> The transaction was originated by Tyler Armstrong of Greystone, on behalf of Lytle Enterprises, LLC.  <\/p>\n<p><strong>Washington Oakes<\/strong> in Snohomish County consists of studio, one-, two- and three-bedroom units and offers independent living and assisted living services, with Leisure Care, LLC, serving as property manager. The non-recourse, fixed rate $15 million loan provided by a life insurance company carries a 7-year term and 30-year amortization, with 60% loan-to-value (LTV). In addition to refinancing, loan proceeds enable the borrower to monetize a portion of their equity in the property and continue with ongoing maintenance.<\/p>\n<p>\u201cGreystone is committed to bringing valuable financing solutions to our clients that fit their strategic objectives,\u201d said Cary Tremper, Head of the Seniors Housing Capital Markets Team. \u201cOur lending relationships allowed our client to receive favorable terms from the market with a quick close.\u201d<\/p>\n<p>\u201cGreystone was a true partner in bringing this transaction together,\u201d said Ms. Jill Ashton, principal of the borrower. \u201cTheir depth of relationships in the space and continuous efforts to find the right financing solution for our communities are very much appreciated. We count Cary and his team as partners and look forward to working together again in the future.\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=lQdSM0BO1m4yNWPmxHYfhYcAOpuDBiug90rDAIuL85isrTWSnbAwnQD7tNdygbxgBj98IwfM95tkdEO9zMw3GQ==\" rel=\"nofollow noopener\" 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=z2MZ1zbxF3cytRthRc40kNygmsKbOKlHvJU7qKBah97NvBoSqI8IDxDqM98Eh01ZEn0dxVsX9sY_Y3plYMWeXM07hvxowlfeM_UVKFGzuuk=\" rel=\"nofollow noopener\" 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\/MjFjMjA0MTYtOTI5MC00ZDZiLWIyZGQtYjNiMzNkMmM2MWJkLTEwMzQ5NDg=\/tiny\/Greystone.png\"><\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<p align=\"left\">NEW YORK, May 10, 2022 (GLOBE NEWSWIRE) &#8212; Greystone, a leading national commercial real estate finance company, placed $15,000,000 in financing for a 152-unit senior housing property in Everett, Washington.<\/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\/6231"}],"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=6231"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/6231\/revisions"}],"predecessor-version":[{"id":6253,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/6231\/revisions\/6253"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=6231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=6231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=6231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}