Greystone Provides $14M Loan for Purchase of West Palm Beach Senior Care Campus
Greystone has provide a $13.6-million bridge loan for the acquisition of a 144-bed senior housing campus consisting of assisted living, memory care and skilled nursing in West Palm Beach, FL. Greystone intends to transition the acquisition bridge financing to permanent HUD-insured financing.
The transaction was originated by Leor Dimant, managing director at Greystone, on behalf of senior housing group Gold Standard of Care. National Healthcare REIT was the seller.
The property on North Congress Avenue combines two senior living communities formerly known as Savannah Court and a skilled nursing facility, Savannah Cove of the Palm Beaches.
- ◦Sale/Acquisition