Greystone & Co. Inc., a New York-based provider of multifamily and commercial mortgage loans, has launched a healthcare bridge loan service.
According to the company, the new bridge loan program enables healthcare and multifamily properties to quickly and readily obtain short-term financing, up to $30 million or more, during acquisition, stabilization, rehabilitation and repositioning initiatives.
‘The availability and accessibility of bridge loans for healthcare and multifamily properties is vital for owners, property operators and intermediaries who need interim financing as they plan for a lengthier period of time,’ says Steve Germano, managing director of the Greystone bridge loan platform. ‘Both sectors have unique challenges and requirements, and with Greystone's successful history originating, underwriting, and servicing loans across multiple segments clients can be confident that their needs are being met, both in the short and long-term.’
