Greystone to Develop $21M Skilled Nursing Facility; Lancaster Pollard Secures $6.7M Refi

Greystone Healthcare Management to Develop $21M SNF in Florida

Greystone Healthcare Management will develop a $21 million, 80-bed skilled nursing facility in Clermont, Fla. The 60,250 square-foot center will have 40 private suites and 20 semi-private rooms.

Services will include specialized orthopedic, cardiac, and stroke rehabilitation programs, with an emphasis on higher-end “health care resort” touches.


“The cornerstone of our centers is our ability to facilitate rapid recovery and restore quality of life to patients and residents in a more home-like setting than the traditional, institutional skilled nursing facility,” Gregg Clavijo-Hopper, senior vice president of post-acute care services for Greystone Health, said in a statement announcing the facility.

Greystone runs 28 SNFs and assisted living facilities in Florida, with additional facilities either under construction or planned for Kendall, Apopka, and Lakeland.

Lancaster Pollard Closes $6.7 million refinance for Century Villa Health Care


Lancaster Pollard announced the closing of a $6.7 million refinancing through the Federal Housing Administration’s 232/223(f) program for Century Villa Health Care in Greentown, Ind.

The facility, owned by Putnam County Hospital and managed by Exceptional Living Centers, has 84 skilled nursing beds and 43 assisted living units.

Putnam purchased Century Villa in January of this year and refinanced $6 million in acquisition costs through Lancaster Pollard Finance’s bridge-lending platform in March. The FHA loan was underwritten concurrently with the bridge loan, refinancing the outstanding debt and funding replacement reserves and repairs, including a roof renovation.

Chris Blanda led the transaction for the Columbus, Ohio-based Lancaster Pollard.

SNF in Reno Will Close Later This Year

The Renown Skilled Nursing Facility in Reno, Nev., will close on Dec. 15 of this year, KOLO 8 News reported. The facility has 57 residents.

Declines in admissions, difficulty in recruiting staff, and the complex regulatory environment were all cited as reasons for the closure, according a statement quoted by the news outlet.

“Transitioning residents from the Renown skilled nursing facility will allow Renown to focus on delivering care through our hospitals, medical group and urgent care network, while keeping up with the tremendous growth our region is experiencing,” Renown Transitional Care vice president and chief nursing officer Melodie Osborn told KOLO 8.

Written by Maggie Flynn

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