NEW YORK, NY - Greystone, a leading national commercial real estate finance company, has arranged a $43,500,000 debt placement to refinance a Class A independent living community in Oregon. The financing was sourced by David Young, Managing Director.
The 142-unit property is a recently built and stabilized Class A+ independent living community featuring upscale amenities tailored for senior residents. The debt placement, with a regional bank, includes a competitive floating rate priced in the 200s over SOFR, enabling the sponsor to refinance existing senior and subordinate construction debt, return capital to investors, and position the asset for a future permanent agency execution.
“We ran a targeted process across both banks and debt funds to source financing that would meet a stretch target for our client,” said Mr. Young. “With strong trailing cash flows albeit on a shorter trailing period but a demonstrably clear upward trend, we were able to achieve highly favorable execution that materially exceeded expectations.”
About Greystone: 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