NEW YORK, March 6, 2025 (Globe Newswire) – Greystone, a major country's commercial real estate financing company, has provided a $29,900,000 bridge finance to acquire a portfolio of six skilled nursing facilities in Rhode Island. The Bridge fundraising was born from Greystone's managing directors Ryan Harkins and Christopher Claire.
A skilled nursing facility includes:
Bayberry Commons, Pascoag, Rhode Island, consists of 120 SNF beds.
East Gate Nursing & Rehabilitation Centre in East Providence, consisting of 76 SNF beds.
South Kingstown Nursing & Rehabilitation Center in West Kingston, consisting of 112 SNF beds.
Warwick's West Shore Health Centre consists of 149 SNF beds.
Village House Nursing & Rehabilitation Centre in Newport, consisting of 95 SNF beds. and
It consists of 70 SNF beds, Elmwood Nursing & Rehabilitation Centre in Providence.
“The Greystone Bridge lending platform is particularly suited to the skilled nursing sector as it has a variety of industry-leading permanent lending options, including the top-ranked HUD/FHA platforms that help meet the needs of borrowers,” Harkins said. “Our team's deep experience in the healthcare and senior sector is a clear advantage for our clients.”
About Greystone
Greystone is a national commercial real estate finance company established as a multi-family and healthcare finance leader, ranked among the top FHA, Fannie Mae and Freddie Mac lenders in these sectors. The loan is provided through Greystone Servicing Company LLC, Greystone Funding Company LLC and/or other Greystone affiliates. For more information, please visit www.greystone.com.
Press Contact:
Karen Marotta
Greystone
212-896-9149
karen.marotta@greyco.com
