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NEW YORK, Nov. 30, 2021 (GLOBE NEWSWIRE) — Greystone, a number one nationwide industrial actual property finance firm, has offered a $10,275,000 HUD-insured mortgage to refinance a 110-bed assisted dwelling facility in Marshalltown, Iowa. The transaction was originated by Eric Rosenstock, Managing Director and Jesse Yodice, Vice President, each of Greystone, on behalf of The Willows of Marshalltown LLC.
The $10,275,000 HUD-insured Part 223(a)(7) financing carries a 40-year time period and amortization, together with a low, mounted rate of interest. The 80% LTV mortgage reduces the property’s debt service and allows the borrower to proceed with ongoing property upkeep.
The Willows of Marshalltown in Marshall County was constructed in 2018 and presents day by day dwelling assist and a 24-hour reminiscence care unit. Set throughout 12 acres in rural Iowa, the group presents residents on-site actions and facilities comparable to a personal eating room, movie show, sport room, train room and spa, in addition to a magnificence salon and barber store.
“We have been in a position to refinance shortly and at an extremely low price, because of Greystone,” stated Ben Daniels, principal of The Willows of Marshalltown. “With Greystone as our trusted accomplice, we have been in a position to keep targeted on offering our residents with prime quality care, whereas they dealt with our financing wants seamlessly.”
“We’re captivated with leveraging our deep lending platform to assist individuals have entry to high quality properties and healthcare providers,” stated Mr. Eric Rosenstock. “Because the market continues to evolve, we’re devoted to discovering the correct merchandise for our shoppers and executing on their transactions seamlessly to allow them to maximize the potential of their actual property portfolios.”
About Greystone
Greystone is a personal nationwide industrial actual property finance firm with a longtime fame as a pacesetter in multifamily and healthcare finance, having ranked as a prime FHA, Fannie Mae, and Freddie Mac lender in these sectors. Loans are provided by means of Greystone Servicing Firm LLC, Greystone Funding Firm LLC and/or different Greystone associates. For extra info, go to www.greystone.com.
PRESS CONTACT:
Karen Marotta
Greystone
212-896-9149
Karen.Marotta@greyco.com
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