Mortgage lender Greystone announced it has provided a total of $28 million in bridge loan financing to United Group Companies for two market rate senior apartment communities located in New York and Georgia.  

Both Schulyler Commons in New York and The Lodge at BridgeMill in Georgia received $28 million of loan proceeds through Greystone’s bridge loan program.

"Borrowers facing impending loan maturity continue to look to Greystone for their bridge financing needs," said Betsy Vartanian, head of Greystone’s Federal Housing Administration business.

She added, "Our clients often need to retire existing debt obligations quickly to avoid pending loan maturity but also want to secure long term financing with favorable loan terms."