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GlobeSt: Healthcare Influencers

December 05, 2022

"GREYSTONE HEALTHCARE FINANCE TEAM Greystone’s healthcare finance team sets its strategy by imagining what keeps providers up at night — whether it be debt, equity, insurance or equipment — and then working to solve those challenges. This strategy has proven successful as the team has done $5 billion in transactions and helped clients navigate through several economic, regulatory and reimbursement cycles. Established in 2020 and led by senior managing director and FHA healthcare head of production Scott Thurman, the team has a combined 150 years of experience in advising providers in the healthcare sector, including skilled nursing and senior housing. Thurman, a former HUD employee who was part of the team that developed the LEAN program, has prioritized Greystone’s involvement with associations including the Mortgage Bankers Association and the American Health Care Association. Thurman is a founding member of the Healthcare Mortgagee Advisory Council, a national nonprofit association that brings together lenders and the FHA, and he also previously served as the organization’s inaugural president and president. Greystone has grown to $1.2 billion in healthcare financings today, up from $300 mil-lion just a few years ago. As a financial intermediary, the team influences and shapes transactions by bringing together buyers with sellers and borrowers with capital, working to ensure the success of each transaction every step of the way. Deals include a $7.3 million HUD-insured loan to refinance a 78-bed assisted living community in Great Falls, MT, and $7 million in bridge financing to refinance acquisition debt for a 137-bed assisted living facility in Wellsville, NY. Thurman’s team is dedicated to the healthcare space, with a shared belief that their work is meaningful beyond dollars and cents."

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