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 lending firm announced. The financing is structured as a short-term bridge facility designed to position the portfolio for permanent financing backed by the U.S. Department of Housing and Urban Development.

Bridge-to-HUD loans are a common instrument in healthcare real estate, allowing borrowers to stabilize or reposition assets before transitioning to long-term, government-backed debt. HUD permanent financing typically offers lower interest rates and longer amortization periods than conventional loans, making the bridge structure an attractive pathway for skilled nursing and assisted living operators seeking to lock in durable capital.

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The transaction underscores continued lender appetite for healthcare real estate assets in California despite a challenging broader credit environment. The 84-bed portfolio represents a meaningful concentration of long-term care capacity in a state where demand for senior and post-acute care beds remains elevated amid an aging population.

Greystone is an active participant in HUD-backed healthcare lending nationally and has previously originated billions of dollars in FHA and HUD loans for nursing facilities, assisted living properties, and other senior housing assets. The California deal adds to the firm's footprint in one of the country's largest and most competitive healthcare real estate markets.

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