NEW YORK CITY — Greystone, a New York-based real estate lending, investment and advisory company, has closed the $750 million Greystone Senior Debt Opportunity Fund.
Investors include a variety of institutional capital and large public pension funds. The eight-year fund will invest in a wide range of commercial real estate properties, including seniors housing.
With leverage, Greystone anticipates an investment capacity in excess of $2.5 billion for loan products such as bridge and mezzanine financing for multifamily, healthcare, and other commercial properties. Greystone recently expanded its bridge and mezzanine program.
“We are seeing incredible demand for flexible financing options for acquisitions of both stabilized and transitional properties, and this increased capacity enables us to help round out the increasingly complex capital stack for property investors,” says Mark Jarrell, head of Greystone’s Portfolio Lending group.
Greystone Bridge Lending Fund Manager LLC, an SEC-Registered Investment Advisor, manages the Greystone Senior Debt Opportunity Fund. UBS Securities LLC acted as global placement advisor; H-A Global was a placement sub-advisor in Israel; and Clifford Chance served as counsel to Greystone on the transaction.