Greystone Secures $30 Million for Nursing Home Expansion Financing

Author: Dylan Bailey Updated: 03-06-2025 10:18 AM

Greystone Secures Significant Bridge Financing

Greystone, a prominent player in the commercial real estate finance industry, has successfully arranged $29.9 million in bridge financing. This funding is earmarked for the acquisition of an impressive portfolio comprising six skilled nursing facilities. This significant move highlights Greystone's commitment to the healthcare sector, particularly in enhancing the quality and accessibility of skilled nursing services.

Details of the Nursing Facilities

The portfolio financed includes several well-established nursing facilities. Among them are:

Featured Skilled Nursing Facilities

1. **Bayberry Commons** in Pascoag, offering 120 skilled nursing facility (SNF) beds.
2. **Eastgate Nursing & Rehabilitation Center** in East Providence, with 76 SNF beds.
3. **South Kingstown Nursing & Rehab Center** located in West Kingston, housing 112 SNF beds.
4. **West Shore Health Center** in Warwick, featuring 149 SNF beds.
5. **Village House Nursing & Rehabilitation Center** in Newport, comprising 95 SNF beds.
6. **Elmwood Nursing & Rehabilitation Center** in Providence, equipped with 70 SNF beds.

Strategic Advantage in Healthcare Financing

Greystone's bridge lending platform stands out as exceptionally beneficial for the skilled nursing sector. The company's comprehensive suite of financing options is crafted to cater to diverse borrower needs. Mr. Ryan Harkins, one of the Managing Directors at Greystone, stated that their top-ranked HUD/FHA platform plays a pivotal role in facilitating these financial solutions.

"Our experience in the healthcare and senior living sector provides a distinct edge for our clients,” added Mr. Harkins, emphasizing Greystone's mission to support accessible healthcare financing.

A Look at Greystone

Established as a private national commercial real estate finance company, Greystone is renowned for its leadership in multifamily and healthcare finance. Recognized as a top lender for FHA, Fannie Mae, and Freddie Mac, Greystone offers a broad spectrum of loans through its various affiliates including Greystone Servicing Company LLC and Greystone Funding Company LLC. For further details about their services and portfolio, the company encourages interested parties to visit their website.

Contact Information

For media inquiries or more information, reach out to:

Karen Marotta
Greystone
Phone: 212-896-9149
Email: Karen.Marotta@greyco.com

Frequently Asked Questions

What is Greystone's recent financial achievement?

Greystone has secured $29.9 million in bridge financing for a nursing home portfolio.

How many facilities are included in the financing?

The financing covers six skilled nursing facilities located in Rhode Island.

What types of facilities are in the portfolio?

The portfolio includes skilled nursing facilities with a total of over 700 beds.

Who is responsible for the acquisition financing?

The financing was arranged by Greystone's Managing Directors, Ryan Harkins and Christopher Clare.

What does Greystone specialize in?

Greystone specializes in commercial real estate finance, particularly in multifamily and healthcare sectors.

About The Author

My name is Dylan Bailey, and I am 28 years old. I am an author and an expert on the stock market who specializes in publicly traded companies. Early fascination with the stock market inspired me to seek a finance degree and then delve deeply into the world of stocks. I have developed over the years my abilities to spot investment prospects, assess business performance, and analyze market trends.

My books and articles try to help regular investors understand the nuances of the stock market. Anyone can, in my opinion, make wise investment choices and succeed financially if they have the correct information and resources. In my writing, I combine in-depth research with practical insights and advice that can be put into action. This is done with the intention of assisting readers in navigating the constantly shifting landscape of publicly traded companies.

In addition to writing, I also host webinars and workshops, where I give presentations and share my knowledge with a wider audience. I also write for top financial journals and show up as a guest analyst on financial news shows. I like to travel, spend time with my family, and keep active by playing different sports when I'm not buried in market research.

My goal is to enable people to choose wisely and consciously in their investments, so taking charge of their financial futures. By my work, I hope to create a community of informed and self-assured investors prepared to take advantage of the chances presented by the stock market.

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