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NEW YORK CITY — Greystone has provided a $46 million bridge-to-HUD loan for the refinancing of a seniors housing portfolio located in Ohio.
Comprising two properties, the portfolio totals 118 skilled nursing units, 16 memory care units, 232 assisted living units and 10 independent living units.
Christopher Clare, David Young, Ben Rubin, Ryan Harkins, Parker Nielsen and Liam Gallagher of New York City-based Greystone originated the financing. The borrower was not disclosed.
“Bridge-to-HUD financing is a strategic solution for healthcare operators seeking to execute a transition plan and position assets for agency takeout,” says Clare.