Greystone provided $40.5 million in bridge financing to Kalesta Healthcare Group for the acquisition and refinance of two skilled nursing facilities with 219 beds in Menlo Park and Los Banos, California. The interest-only, non-recourse bridge loan carries a 24-month term with two six-month extension options, enabling Kalesta to complete the acquisition and fund capital improvements while Greystone works to secure permanent HUD financing later this year.
The financing was originated by Christopher Clare and David Young. Ben Rubin, Ryan Harkins, Peter Nielson and Liam Gallagher assisted on this transaction. Grant Goodman of G Capital served as Kalesta’s capital advisor on the transaction.
