NEW YORK, NY - Greystone, a leading national commercial real estate lending, investment, and advisory company, announced it has provided $96,000,000 in total HUD-insured financing on a portfolio of 11 Kentucky skilled nursing facilities. The transaction was originated by Fred Levine of Greystone.
The 11 separate FHA loans, ranging from $3.6 million to $14.5 million, all carry 35-year terms and 35-year amortizations, and which refinanced a bridge loan provided by Greystone for the acquisition of the facilities in 2017. The properties contain a total of 1,122 beds.
“Greystone’s bridge-to-HUD capabilites provide a seamless process for skilled nursing investors so they can focus on completing an acquisition with a permanent exit plan already in place,” said Mr. Levine.
About Greystone: Greystone is a real estate lending, investment, and advisory 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. Our range of services includes commercial lending across a variety of platforms such as Fannie Mae, Freddie Mac, CMBS, FHA, USDA, bridge and proprietary loan products. Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC and/or other Greystone affiliates.