Greystone Bridge Lending Fund Manager LLC manages investments primarily in short-term first mortgage bridge loans secured by multifamily, senior housing, and healthcare properties. Greystone Adviser manages the Greystone Senior Debt Fund, a private fund for institutional investors, and serves as the collateral manager for collateralized loan obligations (CLOs). Greystone Adviser invests client assets according to investment objectives and guidelines.
Fee Structure
Greystone Adviser manages the Greystone Senior Debt Fund, a private fund for institutional investors. Greystone Adviser is paid a management fee based on the net asset value (NAV) of each investor's interest in the fund. The management fee is calculated quarterly. The specific percentage rate decreases as the size of the investor's interest in the fund exceeds certain specified breakpoints. Greystone or its affiliates also receive other fees, including servicing fees, origination fees, CLO fees, and arranging fees. The Greystone General Partner is also entitled to receive a priority incentive allocation (or “Carried Interest”) equal to a specified percentage of the Greystone Senior Debt Fund’s annual appreciation in excess of a specified preferred return.