{"id":8772,"date":"2023-06-05T14:54:50","date_gmt":"2023-06-05T19:54:50","guid":{"rendered":"https:\/\/1reason.com\/re\/greystone-provides-35-7-million-in-hud-insured-financing-for-two-illinois-supportive-living-facilities\/8772\/"},"modified":"2023-06-06T09:54:50","modified_gmt":"2023-06-06T14:54:50","slug":"greystone-provides-35-7-million-in-hud-insured-financing-for-two-illinois-supportive-living-facilities","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/greystone-provides-35-7-million-in-hud-insured-financing-for-two-illinois-supportive-living-facilities\/8772\/","title":{"rendered":"Greystone Provides $35.7 Million in HUD-Insured Financing for Two Illinois Supportive Living Facilities"},"content":{"rendered":"
The financing was originated by Eric Rosenstock, Managing Director at Greystone, on behalf of Grand Lifestyles. <\/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 non-recourse loans both carry 35-year terms, full-term amortization, and low, fixed rates. The two SLF properties consist of a total of 272 units between the two buildings, built in 2004 and 2005.<\/p>\n

\u201cHaving led several Supportive Living Facility financing transactions in Illinois over the past few years, I have developed a particular expertise in this asset type, which is a unique combination of much-needed services and amenities in an affordable housing environment,\u201d said Mr. Rosenstock. \u201cGreystone\u2019s HUD-insured financing solution is an ideal long-term solution for the Supportive Living asset class, benefiting the property and residents for years to come.\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, May 08, 2023 (GLOBE NEWSWIRE) — Greystone, a leading national commercial real estate finance company, has provided a total of $35,740,00 in HUD-insured loans to refinance two Supportive Living Facilities (SLF) in 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\/8772"}],"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=8772"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/8772\/revisions"}],"predecessor-version":[{"id":8788,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/8772\/revisions\/8788"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=8772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=8772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=8772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}