{"id":8637,"date":"2023-05-15T21:28:17","date_gmt":"2023-05-16T02:28:17","guid":{"rendered":"https:\/\/1reason.com\/re\/greystone-provides-13-6-million-in-hud-insured-financing-for-illinois-supportive-living-facility\/8637\/"},"modified":"2023-05-16T16:28:17","modified_gmt":"2023-05-16T21:28:17","slug":"greystone-provides-13-6-million-in-hud-insured-financing-for-illinois-supportive-living-facility","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/greystone-provides-13-6-million-in-hud-insured-financing-for-illinois-supportive-living-facility\/8637\/","title":{"rendered":"Greystone Provides $13.6 Million in HUD-Insured Financing for Illinois\u00a0Supportive Living Facility"},"content":{"rendered":"
The financing was originated by Eric Rosenstock, Managing Director at Greystone, on behalf of The Pointe at Kilpatrick. <\/p>\n

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\u2019s HUD-insured loan carries a 35-year term and low, fixed rate.<\/p>\n

Built in 2003, The Pointe at Kilpatrick<\/strong> in Cook County, Illinois, is located in a suburb south of Chicago. The facility sits on 3.12 acres and is licensed for 83 units and 122 total beds. Amenities of the affordable housing include a community room, living room with fireplace and aviary, library, therapy room, barber\/beauty shop, jacuzzi spa, outdoor gazebo, landscaped courtyard and children\u2019s play area, private dining room, resident laundry rooms, and spacious lounge areas to visit with family and friends.<\/p>\n

\u201cThe Supportive Living Facility concept, with its comprehensive range of amenities and services in an affordable housing environment, provides a critical service to the senior care population in Illinois,\u201d said Mr. Rosenstock. \u201cGreystone\u2019s unique expertise in HUD-insured financing for healthcare and senior housing property types, as well as our in-depth experience with affordable housing and LIHTC structures, makes us the right choice for solutions in the SLF space.\u201d<\/p>\n

About Greystone<\/strong>
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<\/a>.<\/p>\n

PRESS CONTACT:<\/strong>
Karen Marotta
Greystone
212-896-9149
Karen.Marotta@greyco.com<\/a><\/p>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

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NEW YORK, April 24, 2023 (GLOBE NEWSWIRE) — Greystone, a leading national commercial real estate finance company, has provided a $13,698,300 HUD-insured loan to refinance a 122-bed Supportive Living Facility (SLF) in Crestwood, Illinois.<\/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\/8637"}],"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=8637"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/8637\/revisions"}],"predecessor-version":[{"id":8638,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/8637\/revisions\/8638"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=8637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=8637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=8637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}