Greystone placed $22.5 million in bank financing to refinance a portfolio of two senior housing properties. The transaction was originated by Cary Tremper, Matt Miller, and Tyler Armstrong of Greystone, on behalf of Harbert Senior Housing Fund I, L.P.
Both operated by Frontier since March 2021, the freestanding memory care communities are located in Lincoln and Omaha, NE respectively.
"Our team has the deep resources and financing expertise needed to solve for clients' capital needs at every stage of the property cycle," said Cary Tremper, Head of Greystone's Senior Housing Capital Markets Team. "We are thrilled to have helped Harbert refinance its two memory care communities in Nebraska, and look forward to working with them again in the future."
"The Greystone team understood our needs and were exceptional about getting us the right financing for the success of these communities," said Trent Johnson, Senior Managing Director at Harbert Management Corporation. "We couldn't be more pleased with the outcome."