Greystone Provides $13.6 Million in HUD-Insured Financing for Illinois Supportive Living Facility
NEW YORK, April 24, 2023 (GLOBE NEWSWIRE) -- Greystone , a leading national commercial real estate finance company, has provided a $13,698,300 HUD-insured loan to refinance a 122-bed Supportive Living Facility (SLF) in Crestwood, Illinois.
- NEW YORK, April 24, 2023 (GLOBE NEWSWIRE) -- Greystone , a leading national commercial real estate finance company, has provided a $13,698,300 HUD-insured loan to refinance a 122-bed Supportive Living Facility (SLF) in Crestwood, Illinois.
- The financing was originated by Eric Rosenstock, Managing Director at Greystone, on behalf of The Pointe at Kilpatrick.
- Illinois developed the Supportive Living Program as an alternative to nursing home care for low-income older persons requiring mid-range care needs as opposed to skilled nursing.
- “The Supportive Living Facility concept, with its comprehensive range of amenities and services in an affordable housing environment, provides a critical service to the senior care population in Illinois,” said Mr. Rosenstock.