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Greystone Closes Over $210 Million in Seniors Housing Lending Transactions

NEW YORK, Dec. 09, 2015 (GLOBE NEWSWIRE) -- Greystone, a real estate lending, investment and advisory company, announced it has closed $210,545,331 in previously unannounced financing for seniors housing properties since August 2015. The financing for 11 transactions includes a range of loan products and debt placements, including Fannie Mae, Freddie Mac, life companies and bank financing.

The properties range in location across the country and in size and service make-up, including age restricted, independent living, assisted living, Alzheimer’s care, as well as buildable land.

“Having focused on broadening Greystone’s capabilities for financial advisory in the seniors housing sector, the results clearly show that we’re nimble and able to execute on a variety of debt and lending platforms,” said Scott Kavel, Managing Director at Greystone.

“The most critical component of our success is the credibility and trust we have built with our clients and capital partners to ensure the best options are available for any financing scenario,” added Cary Tremper, Managing Director at Greystone.

Below is a summary of the transactions closed:

Deal SizeLocation# of UnitsType of DebtType of Facility
$

46,085,000

Anaheim, CA

209Refinance Freddie Mac CME

IALF / ALZ
$

31,100,000

Lewisville, TX

265Acquisition/Construction Debt Placement - Bank

IALF / ALZ

$

25,000,000

Hendersonville, NC

129Refinance Fannie Mae Structured ARM

ILF
$24,805,265 Hilton Head, SC

126Construction Debt Placement - BankIALF
$

17,275,415

Frisco, TX

162Construction Debt Placement - Bank

Age Restricted
$

15,763,847

Sunset Hills, MO81Construction Debt Placement - Bank

ALF / ALZ
$

15,465,804

Zephyrhills, FL

132Acquisition Debt Placement - Bank

IALF
$

12,600,000

Spring Hill, FL

118Permanent Debt Placement – Life Co.

ILF
$

10,950,000

Palm Beach, FL

84Refinance Freddie Mac CME

ALZ
$

9,500,000

Bella Vista, AR

171Refinance Fannie Mae Fixed Rate

IALF
$

2,000,000

Waldwick, NJ

N/AAcquisition Debt Placement – Bank

Land Loan

Total:
$210,545,331
Total:
1,477

Note: In addition to the above transactions closed during this period is a $28,000,000 debt placement with a life insurance company for the acquisition of a 100-unit assisted living and Alzheimer’s care facility in Virginia Beach, VA, previously announced by Greystone, making the total volume for closed transactions on seniors housing properties approximately $238 million.

About Greystone

Greystone is a real estate lending, investment and advisory company with an established reputation as a leader in multifamily and healthcare finance, consistently ranking as a top lender in these sectors. Our range of services includes commercial lending across a variety of platforms such as Fannie Mae, Freddie Mac, CMBS, FHA, USDA, bridge and proprietary loan products. Loans are offered through Greystone Servicing Corporation, Inc., Greystone Funding Corporation and/or other Greystone affiliates. For more information, visit www.greyco.com.

PRESS CONTACT: Karen Marotta Director of Communications, Greystone 212-896-9149 KMarotta@Greyco.com

Source: Greystone