Greystone has provided a total of $47 million in HUD financing for five skilled nursing facilities in California, Connecticut, North Carolina and Ohio. The debt comprised $8.2 million for a 35-bed skilled nursing facility in San Diego, California, a $10.5 million loan for a 103-bed facility in Dayville, Connecticut, an $8.1 million loan for a 100-bed facility in Norwalk, Ohio, and a $5.75 million loan for a 64-bed skilled nursing facility in Fremont, Ohio.
Lastly, Greystone provided a $15.1 million loan for a 111-bed facility in Durham, North Carolina. The properties are all receiving the same non-recourse loans with terms of either 30 or 35 years, plus a low rate. Fred Levine of Greystone handled these financings.
