Greystone 2021-HC2 is preparing to launch a $450 million collateralized loan obligation (CLO) secured by 27 whole loans on healthcare commercial real estate, according to Asset Securitization Report.
The underlying property types are concentrated in facilities that assist seniors, according to a pre-sale report from Kroll Bond Rating Agency. Skilled nursing properties make up the majority of the portfolio, with 51.9%, followed by assisted living (16.3%), assisted living and memory care (11.4%), assisted living and skilled nursing (9.2%) and assisted and independent living (7.3%) to round out the top five property subtypes.
J.P. Morgan Securities, Goldman Sachs & Co., Wells Fargo Securities, and UBS Securities are placement agents on the deal, according to KBRA. Read more.
