| Source: Located on opposite sides of the state, these facilities were each acquired a few years ago from not-for-profit owners. NEW YORK, Feb. 08, 2021 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, has provided a $28,992,000 HUD-insured loan to refinance a 288-unit affordable housing property in Mangonia Park, Florida. Greystone has provided a $10.4 million bridge loan to refinance a 120-bed skilled nursing facility in Boonville, New York. Fred Levine has been working as a Managing Director at Greystone for 22 years. That's good for an almost 15 percent share of the market, which is the most among all HUD-qualified lenders. Managing Director Fred Levine of Greystone originated the permanent Federal Housing Administration (FHA) financing, which features a 30-year term and 30-year amortization as well as a low, fixed rate. Sunset Nursing and Rehabilitation Center is a one-story brick facility built over three phases, in 1964, 1971, and 1985, which was renovated in 2008. Greystone intends to move the financing to a permanent exit with a HUD-insured loan as soon as possible. #wherepeoplematter #AAPI #BuildingBelonging #AAPIHeritageMonth, Congratulations to Greystone's Josh Butler for being awarded Stephen Rosenberg Founder's #Award for Integrity in 2022. Fred Levine . Greystones longstanding commitment to the affordable housing market mirrors our own, and we value the teams expertise and finesse in getting these transactions to a quick close, said Mr. Elliott Stone, principal of Royal Castle Development. The loans were originated by Fred Levine , managing director at Greystone. Read more in Urban Land magazine: https://bit.ly/3nbBwZ9 Greystone on Tuesday announced the successful closing of a nearly $72 million bridge loan used in the acquisition and refinance of a seven-building . Box 1117, New Canaan, CT 06840. The $75 million in HUD-insured loans carry a low fixed rate, 35-year terms and amortization periods, and were funded via the HUD 232 program for financing of skilled nursing and assisted living facilities. We see a lot of potential in the former St. Marys East campus, partially due to the large number of private resident rooms, said Dov Braun, Key Principal of the borrowers. Learn more: https://bit.ly/41OQUcG are not a party to, and are not liable for, any transactions with any party featured on this website. Then in Buffalo, Greystone refinanced the original bridge loan provided by Popular Bank (and arranged by Greystone) for Centers acquisition of a 200-bed skilled nursing facility. The complex includes six buildings comprising 139 skilled nursing beds, of which 39 are for a dedicated for Memory Care residents; 131 licensed personal care beds; and 91 residential living units. NEW YORK, Aug. 08, 2022 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, has provided a total of $47 million in HUD-insured loans for five skilled nursing. Years earlier, Centers had stepped in as the county-owned facilitys receiver, before purchasing it in December 2015 for nearly $9 million, including $3.8 million in liabilities. Your email address will not be published. PRESS CONTACT:Karen MarottaGreystone212-896-9149Karen.Marotta@greyco.com. The financing was originated by Fred Levine, Managing Director at Greystone. Not the Fred Levine you were looking for? Cultures of over 75 countries from the Asian continent East, Southeast, and South Asia as well as the Pacific Islands of Melanesia, Micronesia, and Polynesia contribute to the remarkable achievements and helped shape our nations history. NEW YORK, Oct. 04, 2021 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, has provided a $50,100,000 bridge loan for the acquisition of a six-property. Niskayuna, NY Greystone has provided a $27.048 million HUD-insured permanent loan to refinance Pathways Nursing and Rehabilitation Center, a 112-bed skilled nursing facility. After a hiatus to take some time off after his time at HUD, hes jumping back into the space in a different setting with Greystone. They have been an incredible partner in this journey, said Mr. Levine. With HUDs full cooperation, and that of the buyer/borrower and the seller, both repeat Greystone clients, we were able to efficiently execute the financing and timing on favorable terms., HUDs partnerships with private lenders like Greystone are putting healthcare facilities across New York on firm financial footing for decades to come, said Lynne Patton, HUD Regional Administrator for New York and New Jersey. Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC and/or other Greystone affiliates. For more information, visit www.greystone.com. Greystone has provided a $50.1 million bridge loan for the acquisition of a six-property skilled-nursing portfolio in Ohio. #affordablehousing #financingsolutions, Greystone welcomes Paul Donahue as a Managing Director! Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC and/or other Greystone affiliates. Back . Brooklyn, NY Greystone has provided a $78.399 million HUD-insured permanent loan to refinance Boro Park Center for Nursing & Rehabilitation, a skilled nursing facility. Berry, who has crossed paths with Greysone on numerous occasions while at HUD, will slot straight into the companys healthcare and multifamily originations operations, with a focus on skilled nursing facilities, according to a representative for Greystone. Greystone has provided a $50.1 million bridge loan for the acquisition of a six-property skilled-nursing portfolio in Ohio. Greystone. Up to 5 1 min read NEW YORK, April 21, 2021 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, has provided a $24.9 million HUD-insured. They have since turned around the operations (with 90% occupancy) and turned to Mr. Levine to receive a $28.87 million ($144,000 per bed) HUD loan to refinance the facility. Find out the professional email of FRED LEVINE , Originador de prstamos, greystone servicing corporation, inc. GetEmail.io : get anyone's email address in seconds . After a long career at HUD, covering all aspects of financing, Im looking forward to working alongside the experts at Greystone that Ive gotten to know over the last few decades.. Gain access to the best healthcare and long-term care investment intelligence, data, and analysis. free lookups / month. The transaction marks one of the largest-ever HUD loans for a skilled nursing facility, and caps over $200 . About GreystoneGreystone is a national commercial real estate finance company with an established reputation as a leader in multifamily and healthcare finance, having ranked as a top FHA, Fannie Mae, and Freddie Mac lender in these sectors. Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC and/or other Greystone affiliates. No credit card required. The financing was originated by Fred Levine, Managing Director in Greystone's New York office, on behalf of long-term client Royal Castle Development. We are actively seeking to acquire stabilized skilled nursing, memory care, assisted living and independent living properties, said Eric Mendel, CEO of Avenir Healthcare Group and managing member of the Optima Care portfolio. #Greystone #WherePeopleMatter #FoundersAwards, The main question is the following: is housing back for good, and what does that mean for multifamily demand going forward? Get contact details including emails and phone numbers Mr. Donahue brings over 35 years of real estate capital markets expertise to Greystones lending platform, and is based in Boston, MA: bit.ly/3oB8TVS Welcome, Paul! View Fred Levine's email address (f*****@greyc***.com) and phone number. Greystone Provides $46.5 Million . All rights reserved. The transaction was originated by Fred Levine, Managing Director on behalf of Sunset PropCo LLC and Sunset Operating LLC. PRESS CONTACT:Karen MarottaGreystone212-896-9149Karen.Marotta@greyco.com. The financing was originated by Fred Levine, Managing Director at Greystone. Fred Levineis a Managing Director at Greystone, a commercial real estate lending, investment and advisory company. The $10,370,000 non-recourse bridge loan enables the owner to refinance existing recourse senior debt and continue to stabilize the SNF asset until it is ready for permanent financing with low, fixed-rate financing through FHAs 232(f) program. with Greystone's Fred Levine leading the deal for the lender. Greystone has been a trusted and reliable partner as we continue to build our portfolio of assets across the long term care continuum, and I am thrilled with the outcome and Greystones ability to execute long-term HUD financing straight away., We are thrilled to have led a record three closings in one day with HUDs New York office. Real Estate Investment With Interstate 95 in close proximity, the property offers easy access to some of the areas top employers, medical facilities, downtown West Palm Beach shopping, golf courses and beaches, as well as Palm Beach International Airport. No credit card required. October 04, 2021 12:33 ET We do not own or manage any properties featured on this website, Over the first nine months of HUDs fiscal year starting in Oct. 2019 Greystone has been ahead of the pack. Our expertise in the affordable housing space and our industry-leading HUD platform enables us to find solutions that meet the needs of our clients and, ultimately, the residents of property, said Mr. Levine. Built in 1974, the 475-bed facility in the . New York, New York, NY, United States, US, View 1 healthcare lender for HUD-insured loans, Greystone has built a reputation for not only certainty of execution, but for creativity and sector expertise in the skilled nursing and assisted living world, Berry said in a statement. Now that the facility is fully stabilized with a 96% occupancy rate, Greystone provided a $71.78 million loan, or $151,000 per bed, with a 35-year term, to both refinance it and fund a cosmetic renovation. this website is subject to our Terms of Use Agreement. You can update your choices at any time in your settings. MultifamilyBiz.com is an information, advertising, and content display platform focused on the multifamily housing Congrats, Josh! Our areas of expertise include: #housingmarket #mortgagerates, Earlier this year, GreystonesDEIteam and DEI committee leaders came together with our Human Resources and Marketing teams to serve Senior adultcommunities and help decrease social isolation through DOROTs card making volunteerwork. by Steve Monroe | Nov 30, 2018 7:00 am | Financings | 0 comments. (business & personal). We are always guided by our core value of caring and encourage employees to take volunteer time off (VTO) to support and care for the communities in which we live and work. Learn more about our bridge financing solutions here: https://bit.ly/35WSYp0, Congratulations to Greystone, winner of our Excellence in Operations AND Excellence in Duty to Serve awards. Similar Profiles. Submit. I may be getting old, but the excitement of helping quality operators acquire facilities so they can provide amazing care for their residents never gets old, said Mr. Levine. tenure will see him stationed in Detroit, Mich. as a senior production manager, working alongside Greystone managing director. third parties, and we are not responsible for such. Located in Boonville, 20 miles north of Rome, NY, Sunset Nursing and Rehabilitation Center is growing its occupancy and is the only nursing home in a 15-mile radius. This month is an opportunity to recognize the incredible contributions of AAPI communities and identities to our society, culture, and economy. About GreystoneGreystone is a private national commercial real estate finance company with an established reputation as a leader in multifamily and healthcare finance, having ranked as a top FHA, Fannie Mae, and Freddie Mac lender in these sectors.

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