Real estate lender Greystone announced Tuesday it has provided $71.9 million to close a seven-property deal that spans two states.
A bridge loan will allow the undisclosed buyer to refinance properties with a total of 874 skilled nursing facility beds. Six of the facilities are in North Carolina, with the seventh in Kentucky. Greystone declined to identify the seller or sellers.
The new owner intends to transition a 24-month bridge loan into a low, fixed-rate FHA loan, Greystone said in a statement.