Greystone announced it has arranged a $33.7 million debt placement to refinance a portfolio of senior communities in the Pacific Northwest. The transaction was sourced by Greystone on behalf of a regional owner of affordable-focused senior housing communities.
There were four properties total across two states. Each community has a specific Medicaid contract with the state, serving assisted living and memory care residents. The financing was provided by a debt fund meeting the borrower’s expectations on proceeds.
