Greystone Announces New Deputy Chief Credit Officer
Greystone announced it has hired Sampada D’silva as its new Deputy Chief Credit Officer. Based in Chicago, Ms. D’Silva will help Greystone fulfill the increasing demand for its industry-leading loan services in healthcare, including skilled nursing and assisted living assets. We suppose that is a good sign that lenders are back in business, in earnest. Ms. D’silva has over two decades of experience in healthcare and senior care investment and lending. She previously worked for Cambridge Realty Capital Companies as a Senior Managing Director, with experience in planning and finalizing a number of financing options, including HUD and conventional loans. Ms. D’silva... Read More »
Greystone Handles HUD Refinance of Wisconsin SNF Portfolio
Fred Levine of Greystone arranged a total of $34.96 million in HUD loans for a portfolio of five skilled nursing facilities spread across southeastern Wisconsin. Totaling 558 beds, the facilities are located in Antigo, Burlington, Manitowoc and Kenosha. The in-state borrower, Champion Care, purchased them in 2017 and will continue with ongoing property improvements. So, to refinance existing debt and help support those improvements, they obtained 30-year debt with a low fixed interest rate from HUD. Read More »
Greystone Refinances Long Island SNF
Greystone’s HUD streak continues in the Northeast, following up on its refinance of a Yonkers, New York skilled nursing facility with a financing closed for a large skilled nursing facility on Long Island. Featuring 214 beds, the facility was originally built in 1972 on Long Island’s North Shore. It provides care for high-acuity, medically complex patients, with services ranging from cardiac care and post-surgery orthopedic rehab to physical and occupational therapy. Fred Levine arranged a $17.3 million HUD loan through the agency’s Section 223(a)(7) program, thereby lowering the borrower’s interest rate and extending their amortization period. The borrower was also able to raise... Read More »
Greystone Secures Another HUD Refinance
Last week, Greystone announced two HUD refinances for senior care clients and followed up with a third, this time to refinance a 174-unit Section 8 senior apartment community in Pomona, California. Shana Daby of Greystone handled the transaction on behalf of AMCAL, a developer of multifamily properties in California, Texas and Washington. The $29.9 million loan comes with a fixed interest rate and 35-year term and amortization. Loan proceeds in hand, AMCAL will be able to make capital improvements and set up a debt service reserve. They will also take some equity out. AMCAL originally built the community in 2002 with six mid-rise buildings, with elevators, offering both one- and... Read More »Schedule a demo
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