Greystone Monticello has provided bridge financing for the acquisition of a portfolio of eight Supportive Living Facilities (SLF) across Illinois, valued at $150 million. Senior Managing Director Eric Rosenstock worked with both the buyer and seller to originate this two-year bridge loan, which is intended to transition into long-term fixed rate financing.
The Supportive Living Program in Illinois provides an alternative form of care for low-income seniors who require mid-range needs as opposed to skilled nursing. With extensive experience in this asset type, Greystone Monticello is well equipped to bring together buyers and sellers through creative financing structures and advantageous exit solutions according to Rosenstock. The joint venture offers a wide range of bridge finance options in multifamily and seniors housing industries along with hands on collateral asset management services for clients.
