Greystone announced it has provided a total of $20,904,000 in HUD-insured loans to refinance two skilled nursing facility (SNF) properties in Jackson, Tenn. The transaction was originated by Fred Levine, managing director in Greystone’s Monsey, NY office.
Both loans carry a 30-year term and amortization period. The new HUD-insured financing is a permanent exit from the interim bridge loans that Greystone had previously arranged for these facilities.
“Our team originated the initial acquisition loans for these facilities, and then ushered the borrower through the permanent financing process by with HUD, creating a full-service experience,” Mr. Levine. “While our industry expertise and creative solutions are what often attracts new clients to us, we’re most proud of our ability to consistently provide a great experience for the bridge-to-HUD transition.”