Greystone has provided $12.75 million in bridge financing for the acquisition of Highland Meadows Health & Rehab. Now owned and operated by HACO Health Solutions LLC, this 120-bed skilled nursing facility sits on 7 acres in the greater Dallas area. Originally built in 2015, the five-star facility has a plethora of amenities and services. Such services include physical, occupational, speech therapies, specialized programs such as ortho, stroke recovery, post-surgical and cardiac rehabilitation. Greystone is a private national commercial real estate finance company.
This financing is the company’s third in Texas since the start of 2022, although the other two were not in seniors housing. Just earlier this month, Greystone provided $49 million in bridge financing for an acquisition of a multifamily property in Katy, Texas. In addition, Greystone provided a $49 million acquisition loan for Life at Westpark affordable housing property in Houston, Texas.
