Greystone Closes $65 Million HUD-Insured Refinancing for Pennsylvania Skilled Nursing Portfolio

Greystone has closed approximately $64.96 million in HUD-insured financing to refinance a three-property skilled nursing and senior housing portfolio in Pennsylvania, the firm announced March 30, 2026.

Deal Structure and Portfolio Details

The financing covers a portfolio spanning three Pennsylvania facilities that together offer a continuum of care: 408 skilled nursing beds, 88 assisted living and memory care beds, and 10 independent living units, totaling 506 beds and units. Specific street addresses and city names for the facilities were not disclosed in the announcement.

The loan was originated through the U.S. Department of Housing and Urban Development's Section 232 program, which provides government-backed mortgage insurance for nursing homes and senior living properties. No sale price, capitalization rate, price per square foot, or loan term was reported in connection with the transaction.

Greystone Team

The transaction was led by Christopher Clare, Senior Managing Director at Greystone, alongside team members David Young, Ben Rubin, Ryan C. Harkins, Parker Nielsen, and Liam Gallagher.

"Greystone's integrated platform continues to deliver financing solutions that support both immediate refinancing needs and long-term strategic goals," the firm said in a statement. "This transaction reflects our commitment to helping healthcare operators optimize performance while securing durable, lower-cost capital through HUD execution."

About the Transaction

The $64.96 million HUD-insured refinancing was announced on March 30, 2026. The borrower is described as a regional healthcare operator. No acquisition price or prior financing terms were disclosed.

Greystone is a national commercial real estate finance company with lending capabilities across multifamily real estate, senior housing, and healthcare property types, including agency debt through Fannie Mae, Freddie Mac, and HUD/FHA programs.