Greystone markets CRE CLO with sole exposure to healthcare

Greystone Health has come to market this week with Greystone CRE 2018-HC1, a commercial real estate CLO backed by a $249.2m portfolio of loans on healthcare assets, including transitional loans for independent living facilities, assisted living facilities and skilled nursing facilities.

  • By Alexander Saeedy
  • 11 Sep 2018

Moody’s, which is rating the deal, assigned the top class of notes a Aaa rating. Other CRE CLOs rated by Moody’s, like Shelter Growth’s recent offering, have had a more diversified pool of collateral backing the loans.

In its presale report, Moody’s acknowledged that the CRE CLO ...

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