Independent Living Community in Michigan
Loan Amount$18.8 million
Greystone placed $18.8 million in financing for a 136-unit independent living community in Warren, Michigan.
The financing, closed with a large regional bank, provides a 3-year term. The property, managed by American House Senior Living Communities, one of the country’s largest owners and operators of senior living communities and an affiliated company of REDICO, includes studio, one-bedroom, and two-bedroom apartments. The community features a full physical and occupational therapy gym, billiards and poker room, movie theatre, bistro, indoor atrium and many other amenities. Residents enjoy salon and barber shop services, chef-prepared meals, life enrichment and wellness programming and more.