[[{“value”:”
**Greystone Closes $452M Healthcare-Related CRE CLO**
Greystone, a leading commercial real estate finance company, announced it has successfully closed on Greystone CRE Notes 2025-HC4, LLC, a $451.6 million Commercial Real Estate Collateralized Loan Obligation (CRE CLO). This latest transaction is backed exclusively by bridge loans on healthcare-related properties.
This marks Greystone’s eighth overall CRE CLO and the industry’s fourth-ever healthcare-only CRE CLO—all four of which were originated by Greystone in 2018, 2021, 2024, and now in 2025.
The underlying collateral for the CLO includes 12 whole loans and seven loan participations, secured by 46 properties located across 13 states. The asset mix includes skilled nursing, assisted living, memory care, and independent living properties, with skilled nursing facilities representing the majority at 65.2% of the portfolio. The transaction is an actively managed CRE CLO with a three-year reinvestment period.
ATLAS SP Securities acted as the sole structuring agent. Wells Fargo Securities, Goldman Sachs, and J.P. Morgan Securities served as lead managers and joint bookrunners. Co-managers included Natixis Securities Americas, UBS Securities, Capital One Securities, and Huntington Securities, Inc.
The portfolio illustrates Greystone’s continued leadership in healthcare real estate finance.
*Pictured: A Pennsylvania healthcare portfolio for which Greystone provided a bridge loan in August 2025.*
“}]]
