Greystone Provides $96 Million In HUD-Insured Financing For Skilled Nursing Portfolio In Kentucky
October 3, 2019
Category: Healthcare, HUD
Greystone announced it has provided $96,000,000 in total HUD-insured financing on a portfolio of 11 Kentucky skilled nursing facilities. The transaction was originated by Fred Levine of Greystone.
The 11 separate FHA loans, ranging from $3.6 million to $14.5 million, all carry 35-year terms and 35-year amortizations, and which refinanced a bridge loan provided by Greystone for the acquisition of the facilities in 2017. The properties contain a total of 1,122 beds.
“Greystone’s bridge-to-HUD capabilites provide a seamless process for skilled nursing investors so they can focus on completing an acquisition with a permanent exit plan already in place,” said Mr. Levine.