Greystone Arranges $44M Debt Placement for Oregon Senior Housing
Greystone has arranged a $43.5 million debt placement to refinance a Class A independent living community in Oregon.
The financing was sourced by David Young, Managing Director. The 142-unit property is a recently built and stabilized independent living community featuring upscale amenities tailored for senior residents. The debt placement, with a regional bank, includes a competitive floating rate priced in the 200s over SOFR, enabling the sponsor to refinance existing senior and subordinate construction debt, return capital to investors, and position the asset for a future permanent agency execution.
“We ran a targeted process across both banks and debt funds to source financing that would meet a stretch target for our client,” said Young. “With strong trailing cash flows, albeit on a shorter trailing period, but a demonstrably clear upward trend, we were able to achieve highly favorable execution that materially exceeded expectations.”
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Brokers
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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
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout