Greystone refinanced a trio of assisted living communities in New Hampshire with three HUD loans totaling $23.8 million. Located throughout the southern part of the state in Manchester, Bedford and Nashua, the communities are owned by The Courville Company and represent the company’s entire seniors housing portfolio (they also own a skilled nursing facility in Nashua). There are more than 150 assisted living units across the communities.
Lisa Fischman of Greystone originated the interest rate reduction transaction, which lowered the interest rates on the existing HUD loans while maintaining the existing maturity and loan amount.
