Florida & Gulf Coast CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Florida & Gulf Coast  + South Florida  + Senior Housing  | 
Savannah Court Senior Care Center in West Palm Beach, FL

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.

Connect

Inside The Story

Greystone

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as he makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition