Healthcare Bridge Loan Program

Let's move your project forward

Terms

Advantages

  • “One-Stop Shop” if you are looking for FHA or Agency permanent debt but need short-term bridge financing
  • Fast closing to facilitate purchase or maturing existing debt
  • No exit fee if permanent financing originated via Greystone
  • Savings on fees and closing expenses

Loan Purpose
This program is specifically designed for properties that are either stabilized or are in need of minor to moderate renovation or other value-add strategy. Our bridge loan program can be used to finance stabilized properties while Greystone underwrites the permanent financing or fund moderate rehabilitation or retenanting where the Borrower requires to complete a value-add strategy before securing permanent financing through an FHA, Fannie Mae, and Freddie Mac execution.

Eligible Properties
Independent living, assisted living, memory care and skilled nursing properties

Loan Amount
$5 million to $75 million (larger upon request)

Loan Terms
Generally, loans with terms up to 36 months (including extensions).

Interest Rate
Interest generally at a floating rate, specified as a competitive market rate spread over a LIBOR floor

Interest Rate Management
Borrower shall purchase an interest rate cap for the duration of the initial loan term at strike rate to be determined during due diligence. Counterparty must be rated A2/A.

Amortization
Interest-only (some amortization may be required after first two years of term).

Loan Commitment Fees
1.0%