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Greystone arranged an $80-million financing package on behalf of Sonida Senior Living

Greystone Arranges $80M Financing Package for Sonida Senior Living 

Greystone arranged an $80-million refinancing package for a 10-asset senior housing portfolio across five different states, comprising 941 units. The consolidation and refinancing of various debt obligations was completed by Greystone’s Senior Housing Capital Markets Team, led by Cary Tremper, on behalf of Sonida Senior Living

The initial term loan of $80 million, provided by a regional bank, has a four-year maturity with an optional one-year extension, and includes up to $50 million of additional capital, including an uncommitted $40 million accordion, to fund Sonida’s future growth initiatives.  

The communities included in this portfolio are based across the US and comprise a mix of independent living, assisted living, and memory care units. 

“Having an advisory relationship with the Greystone Senior Housing Capital Markets Team resulted in a successful financing outcome for our company, positioning us for continued growth,” said Kim Lody, CEO, president and director, Sonida Senior Living.

Pictured: A Sonida property in Mesquite, TX.  

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Greystone's Tremper

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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