Greystone provided a $13.7 million HUD loan to refinance a 122-bed supportive living facility in Crestwood, Illinois. Eric Rosenstock, Managing Director at Greystone, originated the loan on behalf of the borrower. The loan carries a 35-year term and a low, fixed interest rate.
Built in 2003, The Pointe at Kilpatrick is located in a suburb south of Chicago. The facility sits on 3.12 acres and is licensed for 83 units and 122 total beds. Amenities include a community room, living room with fireplace and aviary, library, therapy room, barber/beauty shop, jacuzzi spa, outdoor gazebo, landscaped courtyard and children’s play area, private dining room, resident laundry rooms, and lounge areas.
