BIRMINGHAM, Ala. — United Community Bank has expanded its specialized lending division with the addition of a four-person team specializing in seniors housing communities.
Finance
Greystone Provides $49.5M in Freddie Mac Financing for Communities in California, Colorado
by Jeff Shaw
CARMICHAEL, Calif. and DENVER — Greystone, a real estate lending, investment and advisory company, has provided $49.5 million in Freddie Mac loans to refinance two assisted living and memory care facilities in Denver and the Sacramento suburb of Carmichael.
In a groundbreaking move two years ago, the Department of Housing and Urban Development issued the first-ever handbook for the Section 232 Program, which insures HUD-approved lenders against financial loss from mortgage defaults on nursing homes and assisted living facilities.