Greystone Arranges $43.5M Refinancing for Oregon Senior Housing Community
Greystone has successfully arranged a $43.5 million debt placement to refinance a Class A independent living community located in Oregon.
The financing was sourced by David Young, Managing Director at Greystone. The 142-unit property is a recently built and stabilized independent living community featuring upscale amenities specifically designed for senior residents.
This debt placement, arranged through a regional bank, is structured with a competitive floating rate priced in the 200s over SOFR. The financing allows the sponsor to refinance existing senior and subordinate construction debt, return capital to investors, and strategically position the asset for a future permanent agency execution.
“We ran a targeted process across both banks and debt funds to source financing that would meet a stretch target for our client,” said Young. “With strong trailing cash flows, albeit on a shorter trailing period, but a demonstrably clear upward trend, we were able to achieve highly favorable execution that materially exceeded expectations.”
This transaction underscores Greystone’s strength in structuring creative and client-focused financing solutions within the seniors housing sector.
