Greystone Funds $29.4M HUD Financing for Skilled Nursing Facility in Tucson, Arizona

by Jeff Shaw

TUCSON, Ariz. — Greystone has provided a $29.4 million HUD-insured loan to refinance a 240-bed skilled nursing facility in Tucson. 

Eric Rosenstock originated the loan on behalf of Sapphire of Tucson Properties LLC.

Sandstone of Tucson Rehab Centre in Pima County is a long-term skilled nursing and post-acute rehabilitation facility that includes 127 units, consisting of 43 private and 84 semi-private rooms. 

The permanent FHA loan carries a 35-year term and amortization.

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