Greystone Provides $40.5 Million in Bridge Financing for Skilled Nursing Portfolio in California

NEW YORK, April 10, 2025 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, has provided $40,500,000 in bridge financing to Kalesta Healthcare Group for the acquisition and refinance of two skilled nursing facilities totaling 219 licensed beds in California. The financing was originated by Christopher Clare and David Young, both Managing Directors at Greystone. Grant Goodman of G Capital served as Kalesta's capital advisor on the transaction.  

Greystone's $40,500,000 interest-only non-recourse bridge loan carries a 24-month term with two six-month extension options, enabling the borrower to complete the acquisition and fund capital improvements ...

https://www.benzinga.com/pressreleases/25/04/g44749208/greystone-provides-40-5-million-in-bridge-financing-for-skilled-nursing-portfolio-in-california