NORTH CAROLINA and KENTUCKY — Greystone has provided $71.9 million in financing for the acquisition and refinance of an 874-bed skilled nursing facility portfolio.
The portfolio includes six facilities in North Carolina and one in Kentucky.
Fred Levine of Greystone originated the financing package. The bridge loan terms include a 24-month payment period with two six-month extensions and no pre-payment penalty. The borrower intends to transition the short-term bridge financing to permanent, fixed-rate, FHA-insured financing through Greystone’s bridge-to-HUD process.
The borrower and specific names and locations of the properties were not disclosed.