Greystone arranged a $33.7 million debt placement to refinance a portfolio of seniors housing communities in the Pacific Northwest. David Young handled the transaction, working with banks, credit unions and unlevered, A/B tranched, and back-levered debt funds. The transaction is on behalf of a regional owner of affordable-focused seniors housing communities.
The portfolio comprises four properties across two states. Each community also has a Medicaid contract to serve assisted living and memory care residents. The financing was provided by a debt fund meeting the borrower’s expectations on proceeds.
