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Greystone Provides $64.9 Million in Bridge Financing for Healthcare Portfolio in Pennsylvania
Greystone Provides $64.9 Million in Bridge Financing for Healthcare Portfolio in Pennsylvania

Yahoo

time11-08-2025

  • Business
  • Yahoo

Greystone Provides $64.9 Million in Bridge Financing for Healthcare Portfolio in Pennsylvania

NEW YORK, Aug. 11, 2025 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, has provided a $64,960,000 bridge loan for a healthcare portfolio in Pennsylvania comprising three properties with a total of 506 beds. The financing was originated by Christopher Clare, Managing Director, along with David Young, Ryan Harkins, Ben Rubin, Parker Nielsen, and Liam Gallagher. The non-recourse interest-only bridge loan carries a 24-month term with two six-month extension options and features a floating rate. The transaction allows the borrower to advance operations while working with Greystone to secure HUD-insured permanent financing. The portfolio includes a combined total of 408 licensed skilled nursing facility beds, 76 licensed assisted living beds, 12 licensed memory care beds, and 10 independent living beds located throughout the state of Pennsylvania. 'This financing reflects Greystone's continued commitment to providing tailored bridge solutions in the healthcare sector,' said Mr. Clare. 'Our platform supports clients from acquisition and recapitalization through to permanent financing, helping them optimize operational and financial outcomes.' 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. Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC and/or other Greystone affiliates. For more information, visit PRESS CONTACT:Fran Del ValleInfluence Consulting Group for Greystonefran@ in to access your portfolio

19 injured after fireworks show goes awry at fair in western Germany
19 injured after fireworks show goes awry at fair in western Germany

Toronto Sun

time19-07-2025

  • Toronto Sun

19 injured after fireworks show goes awry at fair in western Germany

19 injured after fireworks show goes awry at fair in western Germany BERLIN — German authorities say at least 19 people were injured, four seriously after a fireworks show went awry at a fair in the western city of Dusseldorf. This advertisement has not loaded yet, but your article continues below. Create an account or sign in to continue with your reading experience. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Subscribe now to read the latest news in your city and across Canada. Subscribe now to read the latest news in your city and across Canada. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Fire squad and emergency services deployed after the incident late Friday at the Rheinkirmes event along the Rhine river, where images from the scene showed fireworks going off nearly at ground level along its banks. 19 injured after fireworks show goes awry at fair in western Germany Article content A child was among the injured, the DPA news agency reported. Dusseldorf fire services said police were investigating the cause of the accident. Photo by David Young / dpa via AP 'Our thoughts are with those affected and their families. We wish all those affected a speedy recovery from the consequences of the accident. We deeply regret the accident,' said Peter Dietlmaier, a spokesman Organizers ended the fair early for the day, and were deciding whether to continue the traditional fireworks at next year's event, he said. The 10-day fair features amusement park rides, drone and fireworks shows, and other entertainment by hundreds of staff along the left bank of the Rhine, opposite the city's historic district. The fair is organized by the St. Sebastianus Rifle Club, which traces its history to the year 1316.

Greystone Arranges $43.5 Million Debt Placement for Independent Living Community in Oregon
Greystone Arranges $43.5 Million Debt Placement for Independent Living Community in Oregon

Yahoo

time14-07-2025

  • Business
  • Yahoo

Greystone Arranges $43.5 Million Debt Placement for Independent Living Community in Oregon

NEW YORK, July 14, 2025 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, has arranged a $43,500,000 debt placement to refinance a Class A independent living community in Oregon. The financing was sourced by David Young, Managing Director. The 142-unit property is a recently built and stabilized Class A+ independent living community featuring upscale amenities tailored for senior residents. The debt placement, with a regional bank, includes a competitive floating rate priced in the 200s over SOFR, enabling the sponsor to refinance existing senior and subordinate construction debt, return capital to investors, and position the asset for a future permanent agency execution. 'We ran a targeted process across both banks and debt funds to source financing that would meet a stretch target for our client,' said Mr. Young. 'With strong trailing cash flows albeit on a shorter trailing period but a demonstrably clear upward trend, we were able to achieve highly favorable execution that materially exceeded expectations.' 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. Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC and/or other Greystone affiliates. For more information, visit PRESS CONTACT:Karen

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