Greystone has provided a $35,000,000 bridge-to-HUD refinance for a 102-unit assisted living portfolio in Southern California. The financing was originated by Greystone Managing Director Christopher Clare, along with David Young, Ryan Harkins, Ben Rubin, Parker Nielsen, and Liam Gallagher assisting in the transaction.
The interest-only bridge financing refinanced existing debt on the portfolio and provided significant cash out to the borrower, while creating a path toward permanent FHA/HUD-insured financing through Greystone’s integrated bridge and HUD lending platform.
“Greystone’s bridge platform continues to provide healthcare operators with flexible capital solutions that position their portfolios for long-term success,” said Mr. Clare. “In this case, we were able to structure financing that refinanced existing debt while creating a clear path to HUD execution for a high-quality assisted living portfolio in a supply-constrained market.”