Chicago & Midwest + Midwest + Healthcare | May 28, 2021

Greystone Provides Refi on Wisconsin SNF Portfolio

Greystone has provided a total of $34,960,000 in HUD-insured loans to refinance a portfolio of five skilled nursing facilities across southeastern Wisconsin comprising 558 beds. The loans were originated by managing director Fred Levine.

Each of the non-recourse, permanent FHA loans carries a low, fixed interest rate and 30-year term and amortization. The loans refinance the existing debt on the properties, which were purchased in 2017, enabling the borrower to continue with ongoing property improvements. The facilities are located in Antigo, Burlington, Manitowoc and Kenosha.

“We work diligently to bring our clients successfully to the HUD 232 program – the gold standard in skilled nursing home financing,” said Levine. “Our Greystone team is focused on securing solutions that will positively impact our clients’ bottom lines and operations, and we’re always thrilled when we can add tremendous value to their portfolios.”

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Greystone’s Levine

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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