Greystone Issues $50.2M Bridge Loan for California Healthcare Portfolio

Greystone has closed a $50.2 million bridge-to-HUD loan to refinance an 84-bed healthcare portfolio located in California, the commercial real estate finance company announced. The transaction is structured to position the portfolio for permanent financing through the U.S. Department of Housing and Urban Development.

Bridge-to-HUD loans serve as interim financing vehicles, allowing borrowers to stabilize or reposition assets before transitioning to longer-term, government-backed permanent debt. HUD-insured loans are generally sought for their competitive fixed interest rates and extended amortization periods, making them attractive to healthcare facility operators managing capital-intensive properties.

Read more Home Bancorp to Release Q3 2026 Earnings After Market Close →

The 84-bed portfolio represents a mid-sized healthcare footprint in a state where skilled nursing and long-term care facilities face significant regulatory and financial pressures. Securing bridge financing of this scale signals continued institutional appetite for healthcare real estate assets in California despite those headwinds.

Greystone is an active lender in the healthcare and multifamily real estate sectors, regularly placing loans through HUD programs such as the Section 232 mortgage insurance program, which covers nursing homes, assisted living facilities, and similar care properties. The bridge structure allows the borrower to meet HUD underwriting requirements during the interim period.

Continue reading at GlobeNewswire - Mergers And Acquisitions.