The White Plains Center for Nursing and Rehab, located at 220 West Post Road, is a smaller-scale facility with 88 beds, while the Little Neck Nursing Center, located at 260-19 Nassau Blvd, has120 beds. Up to 5 Located at 7 NY-25A in Smithtown, New York, Brookside Multicare houses 353 beds, and includes a pediatric unit and ventilator dependent beds. 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. Greystone intends to move the financing to a permanent exit with a HUD-insured loan as soon as possible. Josh has been at Greystone for sixteen years and has been described as someone who works tirelessly behind the scenes. 2023 Greystone & Co. II LLC. Fred is one of the top health care originators in the country. Fredearned aBachelorsdegree at City University of New York Brooklyn College. The portfolio, totaling 719 beds, is secured by a floating rate, interest-only loan funded through our uniquely non-recourse bridge loan program. tenure will see him stationed in Detroit, Mich. as a senior production manager, working alongside Greystone managing director. Others Named Fred Levine. LinkedIn and 3rd parties use essential and non-essential cookies to provide, secure, analyze and improve our Services, and (except on the iOS app) to show you relevant ads (including professional and job ads) on and off LinkedIn. Real Estate Lending 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 Optima Portfolio includes 561 beds in total across the three New York skilled nursing facilities, which have each recently been renovated. 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. Fred Levine - Loan Originator - Greystone & Co. | LinkedIn 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. His integrity is unparalleled, and his deep healthcare industry experience and insight into HUDs perspective will be invaluable to Greystone and our clients.. Find contact details for 700 million professionals. industry. The $28,992,00 HUD-insured Section 223(f) financing carries a 35-year term and 35-year amortization, along with a low, fixed interest rate. Greystone Provides $10.4 Million Bridge Loan to Refinance Skilled (HUD), has joined one of the countrys largest and most prominent agency lending and servicing operations as a senior member within its healthcare lending group, Commercial Observer has learned. 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. The facility features 54 semi-private units and 12 private units with a total of 120 beds. 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. Greystone Provides $72 Million in Bridge Financing for City University of New York-Brooklyn College, {{ userNotificationState.getAlertCount('bell') }}. The . Top Greystone & Co. Employees Hafize Erkan Chief Executive Officer. are not a party to, and are not liable for, any transactions with any party featured on this website. We proudly celebratethe vast, multi-dimensional AAPI diaspora. Berry, 60, retired and departed HUD early in 2019 as director of production for. Theres a value-add case study for you. Back . This field is for validation purposes and should be left unchanged. . Fred Levine - Greystone Learn more: https://bit.ly/3LlpPan First phase of construction wraps on 1.06-million-square-foot industrial building in Columbus, NAI Isaac closes sale of 6.15 acres of land in Kentucky, Partners Real Estate brokers sale of multi-tenant industrial property in Pasadena, JLL sells 87,858-square-foot retail center in Indiana. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Gain access to the best healthcare and long-term care investment intelligence, data, and analysis. 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. 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. NEW YORK, May 21, 2019 (GLOBE NEWSWIRE) -- Greystone, a leading commercial real estate lending, investment, and advisory company, announced it has provided $71,920,000 in financing for the. The property has a LIHTC land use restriction agreement (LURA) that requires limits on tenant income and rent restrictions for all units. | Source: 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. | Source: Gain access to the best healthcare and long-term care investment intelligence, data, and analysis. #wherepeoplematter #greystone, Greystone's Lorie Hanson recently closed $23.8M in Fannie Mae DUS Green Rewards financing for a 160-unit multifamily property in Nampa, Idaho. The transaction was originated by Fred Levine of Greystone. Fred Levine's Post Fred Levine reposted this Fred Levine Managing Director/ Loan Originator 3y Report this post Report Report. Greystone Provides $10.4 Million Bridge Loan to Refinance Skilled DOROTs mission to alleviate social isolation and loneliness has become even more important in recent years due to the pandemic. Greystone on LinkedIn: Congratulations to Fred Levine on closing a $10. Greystone has provided a $50.1 million bridge loan for the acquisition of a six-property skilled-nursing portfolio in Ohio. You can update your choices at any time in your settings. Acquisitions / management of Find contact details for 700 million professionals. Greystone Centers In On New York Refinances Required fields are marked *. Greystone has provided a $10.4 million bridge loan to refinance a 120-bed skilled nursing facility in Boonville, New York. Greystone provided $75 million in FHA loans for the acquisition of the Optima Portfolio of skilled nursing facilities including Brookside Multicare in Smithtown, New York; White Plains Center for Nursing and Rehab in White Plains, New York; and Little Neck Nursing Center in Queens, New York. FRED LEVINE , Originador de prstamos, greystone servicing corporation It's been the most active HUD multifamily and healthcare agency lender over that time, having doled out nearly $2.6 billion in commitments across 136 loans, per an update from Greystone. Patrick Berry, a 35-year veteran of the U.S. Department of Housing and Urban Development (HUD), has joined one of the countrys largest and most prominent agency lending and servicing operations as a senior member within its healthcare lending group, Commercial Observer has learned. #multifamilyfinancing #fanniemae #greenbuilding, Congratulations to Greystone's Tristan Golas for being awarded Stephen Rosenberg Founder's #Award for Caring in 2022. Long Island Skilled Nursing Asset Snags $71M Refi Greystone Provides .5 Million in Fannie Mae Green Rewards Financing for Greystone Location 152 W 57th St Fl 60, New York City, New York, 10019, United States Description Industry Investment Banking Finance Discover more about Greystone Greystone Originates $37M for Skilled Nursing Facilities Greystone provides more than $34 million in loans to - REJournals All rights reserved. The purchase of Saint Marys East renamed Nightingale Nursing and Rehab Center, was secured by a short-term two-year floating rate, interest-only loan, which Greystone will work to transition to permanent HUD-insured financing. 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. 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. HUD Veteran Joins Greystone, Focused on - Commercial Observer Greystone is a real estate lending, investment and advisory company headquartered in New York City. 5 free lookups per month. Save my name, email, and website in this browser for the next time I comment. The portfolio, totaling 719 beds, is secured by a floating-rate, interest-only loan funded through Greystones non-recourse bridge loan program. #WherePeopleMatter #Volunteer #Caring #Community#BuildingBelonging, Greystones Michael Zukerman spoke with Urban Land Institute about innovative strategies to address the #affordable housing crisis, including mixed-income developments, which can help address the supply issue. Search over 700 Implementing our operational plans and enhanced resident care programs to continue and build on Saint Marys reputation of exceptional resident care is our priority., About Greystone:Greystone 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. Fred Levine posted on LinkedIn NEW YORK, NY - Greystone, a leading national commercial real estate finance company, has provided a $15,800,000 million bridge loan for the acquisition of a skilled nursing, memory care, and personal care campus in Erie, Pennsylvania. Box 1117, New Canaan, CT 06840. 2023 Irving Levin Associates LLC. Fred Levine . Over the course of Berrys career at HUD, prior to assuming the role of director of production, the Central Michigan University alum had worked as an operations officer, an analyst, a policy specialist, a loan Specialist and an auditor, per information from Greystone. Greystone has provided a $50.1 million bridge loan for the acquisition of a six-property skilled-nursing portfolio in Ohio. For more information, visit www.greystone.com. New York Skilled Nursing Facility Lands $10M Refi #Greystone #WherePeopleMatter #FoundersAwards. 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. Both transactions were originated by Fred Levine, managing director in Greystone's Monsey, NY office, on behalf of longtime client Singh Development Company. Fred Levine - Levin Associates Constructed by the borrower in 2000, Hampton Court Apartments consists of 19 garden-style apartment buildings offering two- and three-bedroom units with updated appliances, washer/dryer hook ups, and private outdoor living spaces. All Rights Reserved, Mailing: P.O. Not the Fred Levine you were looking for? Submit. He sources debt and equity finance solutions for owners of multifamily, seniors housing and healthcare properties, in particular skilled nursing and assisted living facilities. Fred joined Greystone in 2001 and specializes in originating FHA-insured loans, Fannie Mae, Freddie Mac, CMBS and bridge financing, and a range of other solutions for the acquisition and refinancing of commercial real estate and healthcare facilities. The financing was originated by Fred Levine, Managing Director in Greystone's New York office, on behalf of long-term client Royal Castle Development. Greystone has provided a $10.4 million bridge loan to refinance a 120-bed skilled nursing facility in Boonville, New York. Real estate development 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.
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