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Greystone Delivers $33.9M Bridge-to-HUD Loan For Nursing Home Acquisition In Martinsville VA
FINANCED
$33,900,000
Virginia
See Similar DealsNursing Home
Financed 07/31/2025
FINANCED
Greystone Delivers $33.9M Bridge-to-HUD Loan For Nursing Home Acquisition In Martinsville VA
300 Blue Ridge Street
See Similar DealsNursing Home
Financed 07/31/2025
Summary
VIRGINIA
Asset Type:Nursing Home
Transaction Type:Loan
The asset involved in this transaction is a nursing home located at 300 Blue Ridge Street in Martinsville, VA. The facility consists of 210 units tailored for skilled nursing care and is backed by a bridge-to-HUD loan totaling $33.9 million.
Summary of transaction details:
- Property Type: Nursing Home
- Transaction Amount: $33,900,000
- Address: 300 Blue Ridge Street
- Market: Martinsville, VA
- Units: 210
The deal involved several brokers from Greystone, specifically Christopher Clare, David Young, Ryan Harkins, Ben Rubin, Parker Nielsen, and Liam Gallagher, who managed the transaction on behalf of the involved parties.
Players
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Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$33,900,000.00
Monthly NOI$226,000.00
Monthly Debt Service$214,271.06
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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