Greystone Secures $22.7 Million for Ambulance Services Growth
Greystone's Remarkable Financing Arrangement
In an impressive move, Greystone has successfully arranged a debt placement amounting to $22,700,000, aimed at supporting the expansion of a regional ambulance company. This financing showcases Greystone's standing in the commercial real estate finance sector, particularly in healthcare-related operations.
A Comprehensive Financing Package
The financial package provided by Greystone consists of a revolving line of credit, a term loan secured by vehicles, and a delayed draw term loan. This structure not only provides essential working capital but also offers flexible funding opportunities for future vehicle acquisitions. Furthermore, this strategic move has enabled the company to consolidate multiple pre-existing vehicle and equipment loans into a single term loan, significantly reducing their overall debt servicing costs.
Expertise in Action
David Young, the Managing Director at Greystone, highlighted the comprehensive approach taken in securing this funding. By fostering a competitive process among regional and national lenders that focus on healthcare operating companies, Greystone was able to achieve favorable terms in rates, structures, and covenants that align with their client's ambitious expansion plans.
Introducing Innovative Solutions
Another essential aspect of this financing arrangement is the introduction of a Treasury management solution tailored to the ambulance company's evolving operational needs as it continues to scale. This addition underscores Greystone's commitment to providing comprehensive financial solutions that cater to their client’s specific requirements.
About Greystone
Greystone stands out as a leading private national commercial real estate finance company with a noteworthy reputation in multifamily and healthcare finance. Ranking among the top lenders for FHA, Fannie Mae, and Freddie Mac, Greystone offers a wide array of loans through its various affiliates. By continuously innovating and adapting to market demands, Greystone remains a go-to partner for companies seeking financial assistance in these sectors.
Frequently Asked Questions
What type of financing did Greystone arrange?
Greystone arranged a comprehensive financing package including a revolving line of credit, vehicle-secured term loan, and delayed draw term loan.
Who was responsible for securing the financing?
The financing was procured by David Young, the Managing Director at Greystone.
How does this financing benefit the ambulance company?
This financing provides essential working capital, allows for future vehicle acquisitions, and consolidates existing loans for reduced debt service costs.
What distinguishes Greystone in the finance sector?
Greystone is known for its leadership in multifamily and healthcare finance, ranking as a top lender with established relationships in the industry.
What additional solutions does Greystone offer alongside financing?
Greystone also provides innovative Treasury management solutions tailored to their clients' operational needs.
About The Author
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