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300 Blue Ridge Street

Greystone Delivers $33.9M Bridge-to-HUD Loan For Nursing Home Acquisition In Martinsville VA
FINANCEDNursing Home

Greystone Delivers $33.9M Bridge-to-HUD Loan For Nursing Home Acquisition In Martinsville VA

300 Blue Ridge Street

$33,900,000

Building Size

Asset Type

Nursing Home

Closing

Jul 31, 2025

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.

Players

Greystone
GreystoneBrokerage
Greystone
GreystoneBrokerage
Greystone
GreystoneBrokerage
Greystone
GreystoneBrokerage
Greystone
GreystoneBrokerage

David Young

Greystone

Broker

$140.6M

vol

4 deals

Broker
Greystone
GreystoneBrokerage

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