Kalesta Healthcare Secures $40.5 Million Bridge Loan from Greystone

Greystone, a leading national commercial real estate finance company, has extended $40.5 million in bridge financing to Kalesta Healthcare Group for the acquisition and refinancing of two skilled nursing facilities in California, collectively housing 219 licensed beds. The transaction, facilitated by Greystone's Managing Directors Christopher Clare and David Young, and supported by Kalesta's capital advisor Grant Goodman from G Capital, emphasizes Greystone's strategic approach in the skilled nursing sector. This interest-only non-recourse loan is structured with a 24-month term and includes options for two six-month extensions, designed to support Kalesta in acquisition completion and capital improvements, while Greystone plans to secure permanent HUD financing within the year. Both companies see this as an effective collaboration amidst economic uncertainty, with Greystone showcasing its adeptness at offering superior financial solutions over competitors. The involvement of Greystone's professionals Ben Rubin, Ryan Harkins, Parker Nielson, and Liam Gallagher underscores the firm's commitment to providing top-tier financial services.