Greystone Secures $115M in Freddie Mac and Fannie Mae Financing
The financing is designated for a six-asset senior living portfolio acquisition.
NEW YORK – Greystone has provided $115 million in Freddie Mac and Fannie Mae financing for the acquisition of a senior housing portfolio.
The six-asset portfolio is comprised of an independent living community, two assisted living communities and three memory care communities. The acquired facilities are located in California, Michigan and Washington with a total of 509 units and 589-beds.
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Greystone’s head of senior housing finance, Cary Tremper originated the financing on behalf of Madison Marquette, GFH Capital and operating partners, SRG Senior Living and JEA Senior Living.
Greystone is a commercial real estate lending, investment and advisory company. Greystone is ranked as a top FHA, Fannie Mae and Freddie Mac lender in the multifamily and healthcare finance sectors.