Greystone Provides $34M in Financing for Virginia Nursing Facility
Greystone has provided a $33.9 million bridge-to-HUD loan to acquire a 210-bed skilled nursing facility in Virginia.
The financing was originated by Christopher Clare, Managing Director, along with David Young, Ryan Harkins, Ben Rubin, Parker Nielsen, and Liam Gallagher. The interest-only bridge financing carries a 24-month term, with two 6-month extension options, and features a floating rate. The borrower also secured an interest rate cap to mitigate future rate volatility.
The property is a 210-bed skilled nursing, therapy, and long-term care center that has been renovated throughout. The facility is located at 300 Blue Ridge Street, Martinsville, Virginia. “This financing is a testament to Greystone’s commitment to delivering tailored solutions that support our clients’ growth strategies in the skilled nursing sector,” said Clare.
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
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Essex Property Trust, Inc.
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Josh A
California
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Bob Tuteur
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