Greystone announced it provided an approximate $27 million Freddie Mac seniors housing loan to refinance an assisted living and memory care community in the Southwest region. The 10-year term mortgage secures financing on a 69-unit community for a top-tier repeat Greystone and Agency sponsor, Harbert Seniors Housing Fund I, with a highly experienced and committed seniors housing operator. The team worked with the client and Freddie Mac during a turbulent national COVID-19 surge.
“We are fortunate to work with such a great team at Harbert and Freddie Mac. Being able to meet our client’s financing objectives, and year-end closing, during a challenging time is important to us,” said Cary Tremper, head of Greystone’s Seniors Housing Capital Markets team.