Greystone and MONTICELLOAM announced they have formed a joint venture to tailor their lending services to the senior housing and healthcare industry.
Greystone is a leading healthcare lender in the United States for FHA-insured loans, originating over $3 billion overall in senior housing and healthcare finance across FHA, Fannie Mae, Freddie Mac, bridge and other proprietary platforms.
MONTICELLOAM services approximately $1.8 billion in senior housing and healthcare loans throughout the United States. The joint venture intends to provide services and capital solutions for the skilled nursing, assisted living, and senior housing sectors.
“MONTICELLOAM and Greystone each have a long history of providing for the needs of senior housing and healthcare owners and operators,” said Stephen Rosenberg, CEO of Greystone. “Together, we will be even better positioned to meet all of the needs of our clients.”
Alan Litt of MONTICELLOAM remarked, “We’ve long known Steve and his team, and we believe the ability to custom-structure senior housing and healthcare transactions, together with our proprietary technology, will enable us to operate seamlessly, supplemented by Greystone’s historically large presence in middle-market bridge and FHA-insured loan markets. Whatever capital or service a senior housing or healthcare client wants, they can now get it under one roof.”
MONTICELLOAM was founded in October 2014 by Alan Litt, Thomas Lally and Jonathan Litt, each of whom has over 25 years of industry experience as lenders, investors, developers and owner operators.