Greystone has provided a total of $34,960,000 in HUD-insured loans to refinance a portfolio of five skilled nursing facilities across southeastern Wisconsin comprising 558 beds. The loans were originated by Fred Levine, a Managing Director of Greystone.
Each of the non-recourse, permanent FHA loans carries a low, fixed interest rate and 30-year term and amortization. The loans refinance the existing debt on the properties, which were purchased in 2017, enabling the borrower to continue with ongoing property improvements. The facilities are located in Antigo, Burlington, Manitowoc, and Kenosha.