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Boston & New England  + Senior Housing  |  December 8, 2020
David Cohen
By: David Cohen

Greystone Secures $24M Refinancing for Assisted Living Portfolio in New Hampshire

Greystone has provided $23.8 million in HUD-insured loans to refinance a three-property assisted living portfolio in New Hampshire. The Interest Rate Reduction (IRR) transaction was originated by Lisa Fischman, vice president in Greystone’s New York office, on behalf of family owned The Courville Co.

The portfolio includes Courville at Manchester, Courville at Carlyle Place and Courville Nashua & Aynsley.

“An IRR is a good option for mortgagors who have held their asset since before rates dropped earlier this year,” said Fischman. “At Greystone, we are continually seeking ways to help our clients leverage market dynamics so they can optimize their real estate portfolios, and an IRR is especially valuable in the assisted living and skilled nursing markets, which are under intense fiscal pressure today dealing with COVID-19.”

For comments, questions or concerns, please contact David Cohen

Read More News Stories About: Greystone
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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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