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Posted: January 22, 2019
Outside the Region: Dimant of Greystone originates $14 million loan
Johnson County, KS Greystone has provided $14 million in bridge financing for the acquisition of a 130-bed skilled nursing facility. The transaction closed on Dec. 18th and was originated by Leor Dimant.
Greystone provided a 24-month $14 million bridge loan at 90% loan-to-purchase price for the borrower to be able to acquire the property while Greystone begins securing a low, fixed-rate permanent HUD loan.
“Our expanded bridge platform gives us the flexibility to put together the right solutions very quickly, which is important in a changing market,” said Dimant. “We’re excited to be able to deliver this ‘win’ for our clients, and we can now continue with our bridge-to-HUD lending process to get them a long-term financing solution.”
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