Updated Aug 5, 2025
Greystone Delivers $33.9M Bridge-to-HUD Loan For Nursing Home Acquisition In Martinsville VA
300 Blue Ridge Street
$33,900,000
Units
210
Asset Type
Nursing Home
Closing
Jul 31, 2025
About this deal
AI
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.
On the Map
$33,900,000
Nursing Home
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Players
Martinsville Nursing Home Market Snapshot
Boundary boundary · Nursing Home · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93