Greystone and MONTICELLOAM combined their senior housing and healthcare lines of business under a new joint venture. The joint venture will create a provider of capital finance products and services for the senior housing and healthcare industry.
Greystone is a healthcare lender in the United States for FHA-insured loans, originating more than $3 billion overall in senior housing and healthcare finance across FHA, Fannie Mae, Freddie Mac, bridge and other proprietary platforms. MONTICELLOAM services approximately $1.8 billion in senior housing and healthcare loans throughout the United States. The joint venture intends to provide services and capital solutions for the skilled nursing, assisted living and senior housing sectors.
The joint venture expects to offer the following to owners and operators of senior housing and healthcare facilities:
- First mortgage floating rate bridge loans
- Fixed-rate conventional term loans
- FHA, Fannie Mae and Freddie Mac permanent financing
- Mezzanine and preferred equity products
- Tax-exempt bond financing
- Equity capital
- Accounts Receivable and working capital lines of credit
- Loan servicing and asset management
- Troubled asset advisory/workout services
- Healthcare operational consulting
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“MONTICELLOAM and Greystone each have a long history of providing for the needs of senior housing and healthcare owners and operators,” Stephen Rosenberg, CEO of Greystone, said. “Together, we will be even better positioned to meet all of the needs of our clients.”
“We’ve long known Steve and his team, and we believe the ability to custom-structure senior housing and healthcare transactions, together with our proprietary technology, will enable us to operate seamlessly, supplemented by Greystone’s historically large presence in middle-market bridge and FHA-insured loan markets,” Alan Litt of MONTICELLOAM said. “Whatever capital or service a senior housing or healthcare client wants, they can now get it under one roof.”
Greystone is a national commercial real estate finance firm.
MONTICELLOAM and its affiliates provide specialized private real estate and asset-based lending, servicing management services and consulting.
