Greystone, a leading national commercial real estate finance company, announced it provided an approximate $27 million Freddie Mac seniors housing loan to refinance an assisted living and memory care community in the Southwest region. The 10-year term mortgage secures financing on a 69-unit community for a top-tier repeat Greystone and Agency sponsor, Harbert Seniors Housing Fund I, with a highly experienced and committed seniors housing operator. The team worked with the client and Freddie Mac during a turbulent national COVID-19 surge.

“We are fortunate to work with such a great team at Harbert and Freddie Mac. Being able to meet our client’s financing objectives, and year-end closing, during a challenging time is important to us,” said Cary Tremper, head of Greystone’s Seniors Housing Capital Markets team.

About Greystone

Greystone is a private national commercial real estate finance company with an established reputation as a leader in multifamily and healthcare finance, having ranked as a top FHA, Fannie Mae, and Freddie Mac lender in these sectors. Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC and/or other Greystone affiliates. For more information, visit www.greystone.com.

About Harbert Management Corporation

Harbert Seniors Housing Fund I, L.P. is sponsored by Harbert Management Corporation (“HMC”). HMC is an investment management firm focusing on alternative assets, with approximately $7.5 billion in Regulatory Assets under Management as of November 30, 2020. A privately owned firm founded in 1993, HMC serves foundations, endowments, fund of funds, pension funds, financial institutions, insurance companies, family offices, and high net worth individuals across multiple asset classes. For additional information about HMC, visit www.harbert.net.