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.”