Greystone Provides .75 Million in Acquisition Financing for Texas Skilled Nursing Facility
NEW YORK, June 13, 2022 (GLOBE NEWSWIRE) — Greystone, a leading national commercial real estate finance company, has provided $12,750,000 in bridge...
NEW YORK, June 13, 2022 (GLOBE NEWSWIRE) — Greystone, a leading national commercial real estate finance company, has provided $12,750,000 in bridge financing for the acquisition of Highland Meadows Health & Rehab, a 120-bed skilled nursing facility in Rockwall, Texas. The financing was originated by DJ Elefant, Vice President at Greystone, on behalf of HACO Properties, LLC. Helios Healthcare Advisors served as the debt broker in the transaction. The $12.75 million in non-recourse bridge financing from Greystone features a 24-month term with one 12-month extension option and is interest-only.