Greystone Secures 64.96M Non Recourse Interest Only Bridge Loan For Pennsylvania Healthcare Portfolio

The asset is a Pennsylvania healthcare portfolio designated as Healthcare Portfolio, consisting of three properties with 506 beds. The financing is a $64,960,000 non-recourse, interest-only bridge loan intended to support operations during the transition to HUD-insured permanent financing.

Summary of transation details:

• Property Type: Healthcare
• Transaction Amount: $64,960,000
• Market: Pennsylvania
• Asset Type: Healthcare
• Portfolio Details: 3 properties, 506 beds
• Lender: Greystone
• Originator: Christopher Clare
• Brokers Representing: Christopher Clare - Greystone; David Young - Greystone; Ryan Harkins - Greystone; Ben Rubin - Greystone; Parker Nielsen - Greystone; Liam Gallagher - Greystone
• Loan Type: Bridge loan
• Recourse: Non-recourse
• Loan Terms: Interest-only
• Term: 24 months
• Purpose: Transitioning to HUD-insured permanent financing

The deal was led by Christopher Clare and his team in collaboration with Greystone’s broker representatives, coordinating a healthcare financing strategy in Pennsylvania. The arrangement leverages a non-recourse, interest-only bridge loan to bridge operations as the portfolio moves toward HUD-insured financing, reflecting a focused group effort across the listed brokers and the lender.