Skilled Nursing News June 21, 2022
Greystone has provided $12,750,000 in bridge financing for the acquisition of a Texas skilled nursing facility. Highland Meadows Health & Rehab, a 120-bed SNF in Rockwall, Texas.
Highland Meadows Health & Rehab, a 120-bed SNF in Rockwall, Texas, was acquired on behalf of HACO Properties, LLC.
Greystone Vice President DJ Elefant originated the transaction and Helios Healthcare Advisors served as the debt broker in the deal.
The interest-only financing features a 24-month term with one 12-month extension option.
The facility, operated by HACO Health Solutions, LLC, features both private and semi-private rooms, as well as a salon, dayroom, a library and “comprehensive” therapy services.
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