BizWire Express > - Greystone Provides $41 Million in Bridge Financing for Assisted Living Portfolio in Minnesota
Summary
Greystone Provides $41 Million in Bridge Financing for Assisted Living Portfolio in MinnesotaNEW YORK, April 28, 2025 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, has provided $41,000,000 in bridge financing to Oxford Capital Group for the acquisition of six assisted living facilities totaling 372 beds in Minnesota. The financing was originated by Greystone Managing Director Christopher Clare.Greystones $41,000,000 interest-only non-recourse bridge loan carries a 24-month term with two six-month extension options. The acquisition financing for the properties located in the Minneapolis area and northern Minnesota enabled the borrower to close the transaction and begin working with Greystone on securing permanent HUD-insured financing. "Greystones bridge platform is an ideal solution for completing an acquisition, setting the borrower up for success as we begin down the path toward long-term FHA financing," said Mr. Clare. "Greystones David Young, Ryan Harkins, Ben Rubin, Parker Nielsen, and Liam Gallagher assisted on this transaction.About GreystoneGreystone is a private national commercial real estate finance company with an established reputation as a leader in multifamily and healthcare finance, having ranked as a top FHA, Fannie Mae, and Freddie Mac lender in these sectors.