FINANCED
Greystone Monticello Provides $16.67M Bridge Loan For Senior Housing Property Acquisition
3501 Northeast Parkway
Senior Housing
Financed 17 days ago
Summary
Loan
ILLINOIS
Senior Housing
The senior housing property located at 3501 Northeast Parkway in Lincolnwood, Illinois was acquired using a $16.67 million bridge loan. The property features independent living, assisted living, and memory care units, catering to the needs of seniors in the area.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $16,670,000
- Lender: Karina Davydov & Joseph Borenstein - Greystone Monticello
- Loan Type: Bridge Loan
- Loan Terms: Two-year term with two six-month extensions
Gresytone Monticello, led by managing director Karina Davydov, has facilitated the acquisition of the property through the bridge loan. Joseph Borenstein, head of the healthcare sales desk, highlighted the firm's commitment to providing tailored solutions and forming partnerships with top regional operators in the healthcare sector.
Details
FINANCED
IMAGE: Karina Davydov & Joseph Borenstein
DATE: 04/19/2024
ADDRESS: 3501 Northeast Parkway
MARKET: Lincolnwood
ASSET TYPE: Senior Housing
LENDER: Karina Davydov & Joseph Borenstein - Greystone Monticello (@Greystonecref)
LOAN AMOUNT: $16,670,000
LOAN TYPE: Bridge Loan
LOAN TERMS: two-year term with two six-month extensions
NOTE: Greystone Monticello, led by managing director Karina Davydov, has finalized a $16.67 million bridge loan to facilitate the acquisition of a seniors housing property in Illinois, featuring independent living, assisted living, and memory care units. The financing, structured with a two-year term and two optional six-month extensions, underscores Greystone Monticello's commitment to delivering tailored solutions and fostering partnerships with premier regional operators, as highlighted by Joseph Borenstein, head of the healthcare sales desk.View on map
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Address3501 Northeast Parkway
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