**Greystone Provides $65M Bridge Loan for Pennsylvania Healthcare Portfolio**
Greystone has arranged a $64.96 million bridge loan for a healthcare portfolio in Pennsylvania comprising three properties with a combined total of 506 beds.
The financing was originated by Christopher Clare, Managing Director, alongside David Young, Ryan Harkins, Ben Rubin, Parker Nielsen, and Liam Gallagher. The non-recourse, interest-only bridge loan carries a 24-month term with two six-month extension options and features a floating interest rate. The loan enables the borrower to continue advancing operations while collaborating with Greystone to secure HUD-insured permanent financing.
The portfolio includes a total of 408 licensed skilled nursing facility beds, 76 licensed assisted living beds, 12 licensed memory care beds, and 10 independent living beds, spread across various locations in Pennsylvania.
“This financing reflects Greystone’s continued commitment to providing tailored bridge solutions in the healthcare sector,” said Clare. “Our platform supports clients from acquisition and recapitalization through to permanent financing, helping them optimize operational and financial outcomes.”
