Real Estate Investment Greystone Provides .5 Million in Fannie Mae Green Rewards Financing for Greystone is part of the Finance industry, and located in New York, United States. 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. All Rights Reserved, Mailing: P.O. 5 free lookups per month. (business & personal). May 27, 2021 Fred Levine Greystone has provided $34.946 million in HUD-insured loans to refinance a portfolio of five skilled nursing facilities across southeastern Wisconsin comprising 558 beds.. Top Greystone & Co. Employees Hafize Erkan Chief Executive Officer. NYREJ : The commercial real estate media source. All Rights Reserved, Mailing: P.O. We want our residents to enjoy a quality home in a safe community. The transaction was originated by Fred Levine, Managing Director on behalf of Sunset PropCo LLC and Sunset Operating LLC. Fred Levine - Loan Originator at Greystone & Co. - Wiza this website is subject to our Terms of Use Agreement. Whether for seniors or children, these skilled nursing facilities will benefit from the stability that comes with low-interest federally-insured loans.. Greystone Provides $28.9 Million in HUD-Insured Financing Read more about this award here: https://spr.ly/6049OTCn7, Congratulations to Greystone's Jon Morales for being ranked by HousingWire as a 2023 rising star. 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. The transaction was originated by Fred Levine, Managing Director on behalf of Sunset PropCo LLC and Sunset Operating LLC. Greystone Provides $10.4 Million Bridge Loan to Refinance Skilled When expanded it provides a list of search options that will switch the search inputs to match the current selection. He sources debt and equity finance solutions for owners of multifamily,. Carver Living Center, located at 303 E. Carver St. in Durham, is the largest . Greystone on LinkedIn: Congratulations to Fred Levine on closing a $10. 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. 2023 Greystone & Co. II LLC. We keep coming back to Greystone because they work tirelessly to uncover opportunities and secure the right resources to make this vision a reality.. Gain access to the best healthcare and long-term care investment intelligence, data, and analysis. You can update your choices at any time in your settings. 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. He sources debt and equity finance solutions for owners ofmultifamily,seniors housingand healthcareproperties,in particularskillednursing and assisted living facilities. Get contact details including emails and phone numbers Berrys Greystone tenure will see him stationed in Detroit, Mich. as a senior production manager, working alongside Greystone managing director Fred Levine, whos spent nearly 20 years at the firm. Greystone Provides $46.5 Million . Greystone provides $50 million loan for skilled-nursing portfolio in Search over 700 This month is an opportunity to recognize the incredible contributions of AAPI communities and identities to our society, culture, and economy. 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 . It takes a very deep understanding of the skilled nursing industry to continue to lend in the era of the pandemic, said Mr. Levine. 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. Over the first nine months of HUDs fiscal year starting in Oct. 2019 Greystone has been ahead of the pack. HUD Veteran Joins Greystone, Focused on - Commercial Observer Episode 3: Fred Levine, Managing Director, Greystone Healthcare Finance Located on opposite sides of the state, these facilities were each acquired a few years ago from not-for-profit owners. The property has a LIHTC land use restriction agreement (LURA) that requires limits on tenant income and rent restrictions for all units. Your email address will not be published. Select Accept to consent or Reject to decline non-essential cookies for this use. October 04, 2021 12:33 ET The transaction was originated by Fred Levine of Greystone. Theres a value-add case study for you. 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. 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. Scott Levine - Vice President - Greystone | LinkedIn The transaction was originated by Fred Levine, managing director in Greystone's Monsey office. If you're not automatically redirected, please click here. Congratulations to Fred Levine on closing a $10.4 million bridge loan on a 120-bed skilled nursing facility in Boonville, NY. Name: Fred Levine Company: Greystone servicing corporation, inc. Job title: Originador de prstamos Country of Residence: United States Precise location . #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. 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. 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. Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC and/or other Greystone affiliates. 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. Fred Levine is a Managing Director at Greystone, a commercial real estate lending, investment and advisory company. Fred Levine, Greystone. 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. 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. tenure will see him stationed in Detroit, Mich. as a senior production manager, working alongside Greystone managing director. PRESS CONTACT:Karen MarottaGreystone212-896-9149Karen.Marotta@greyco.com. July 28, 2021 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. After operating the facility since 2013 and significantly improving performance, Centers acquired it in 2016. #risingstar #housing #leader, Join Greystone and Greystones Asian Pacific Islanders Employee Resource Group as we honor and celebrate Asian American Pacific Islanders (AAPI) throughout May and beyond. 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 skilled nursing portfolio in Ohio. 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. the residents of property," said Mr . 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. The financing was originated by Fred Levine, Managing Director at Greystone. 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. Greystone Provides $10.4 Million Bridge Loan to Refinance Skilled Learn more in our Cookie Policy. third parties, and we are not responsible for such. Read the latest edition of the Commercial Observer online! 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. City University of New York-Brooklyn College, {{ userNotificationState.getAlertCount('bell') }}. Greystones extensive lending platform is here to meet client needs through every phase of a projects lifecycle. 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 Residents have access to the gated communitys clubhouse and business center, swimming pool and fitness center, tennis court, picnic and playground area, laundry facility and on-site parking. Greystone Provides $46.5 Million in Fannie Mae Green The transaction marks one of the largest-ever HUD loans for a skilled nursing facility, and caps over $200 . Fred Levine email address & phone number | Greystone & Co. Loan 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. Box 1117, New Canaan, CT 06840. Others Named Fred Levine. Berry, 60, retired and departed HUD early in 2019 as director of production for Federal Housing Administration Section 232 loans, a program that shields lenders from mortgage defaults and is geared to insure loans that facilitate the construction or rehabilitation of skilled nursing, intermediate care and assisted living facilities, among a couple other classifications; theres also the corresponding Section 232/223(f), which is available for purchases or refinancings of these asset types. Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC and/or other Greystone affiliates. Greystone Provides $72 Million in Bridge Financing for Josh has been at Greystone for sixteen years and has been described as someone who works tirelessly behind the scenes. The transaction was originated by Fred Levine, Managing Director on behalf of Sunset PropCo LLC and Sunset Operating LLC. Greystone is a national commercial real estate finance company with an . Commercial lending across a variety of platforms such as Fannie Mae, Freddie Mac, CMBS, mezzanine, bridge, and proprietary loan products Greystone 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. 2023 - MULTIFAMILYBIZ.COM - ALL RIGHTS RESERVED, PropTech Innovator 365 Connect Celebrates Twenty-Years of Delivering Leading Edge Solutions to The Multifamily Housing Industry. The portfolio, totaling 719 beds, is secured by a floating rate, interest-only loan funded through our uniquely non-recourse bridge loan program. 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.. 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. New York, New York, NY, United States, US, View Located on opposite sides of the state, these facilities were each acquired a few years ago from not-for-profit owners. Working on behalf of skilled nursing operator Centers Health Care, Fred Levine of Greystone arranged over $100 million in HUD financing to refinance a couple of their New York SNFs. 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 development 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. , whos spent nearly 20 years at the firm. Fred is one of the top health care originators in the country. His integrity is unparalleled, and his deep healthcare industry experience and insight into HUDs perspective will be invaluable to Greystone and our clients.. 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. In this conversation, Mordecai interviews Fred about his relentless pursuit for a sales position at American Express, how he applied unsuccessfully six years in a row for a sales role, and th. 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 volunteers enjoyed creating birthday, caring and holiday cards to bring smiles and cheer to older adults throughout the year. The transaction was originated by Fred Levine, managing director in Greystone's Monsey office. Congrats, Josh! industry. Earlier this year, Levine secured HUD financing for Center Health Care's skilled nursing portfolio in upstate New York . Fred Levineis a Managing Director at Greystone, a commercial real estate lending, investment and advisory company. MultifamilyBiz.com is an information, advertising, and content display platform focused on the multifamily housing No credit card required. Your email address will not be published. Optima Skilled Nursing Facility Portfolio - Greystone 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! 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. Long Island Skilled Nursing Asset Snags $71M Refi Fred Levine, managing director at Greystone, originated the transaction. Fred is based out of New York, New York, United States and works in the Leasing Non-residential Real Estate industry. Fred Levine, Greystone. #affordablehousing #financingsolutions, Greystone welcomes Paul Donahue as a Managing Director! #wherepeoplematter #AAPI #BuildingBelonging #AAPIHeritageMonth, Congratulations to Greystone's Josh Butler for being awarded Stephen Rosenberg Founder's #Award for Integrity in 2022. Greystone on Tuesday announced the successful closing of a nearly $72 million bridge loan used in the acquisition and refinance of a seven-building . That's good for an almost 15 percent share of the market, which is the most among all HUD-qualified lenders. #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. The financing was originated by Fred Levine, Managing Director in Greystone's New York office, on behalf of long-term client Royal Castle Development. Our areas of expertise include: New York-based multifamily and healthcare lender Greystone provided a $27.5 million HUD loan to Michigan and North Carolina-based multifamily developer Singh Development to refinance a 340-unit apartment community in Canton, Mich., Mortgage Observer has first learned.. Greystone's Fred Levine originated the 35-year, low-rate financing on Wyndchase Apartments, a luxury townhome and apartment . Built in 1974, the 475-bed facility in the . Check out this great listen on Audible.com. Greystone has provided a $10.4 million bridge loan to refinance a 120-bed skilled nursing facility in Boonville, New York. 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. Find contact details for 700 million professionals. 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. Zondas economists recently shared an update on the housing market. Greystone is a real estate lending, investment and advisory company headquartered in New York City. Real Estate Lending Submit. Greystone has provided a $10.4 million bridge loan to refinance a 120-bed skilled nursing facility in Boonville, New York. 1 greyco.com; Tanya Eastwood President and CEO. The portfolio, totaling 719 beds, is secured by a floating-rate, interest-only loan funded through Greystones non-recourse bridge loan program. Back . 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. Advertisement "We are thrilled to have helped our client complete this transaction to expand their SNF portfolio," Levine . Greystone Located at 7 NY-25A in Smithtown, New York, Brookside Multicare houses 353 beds, and includes a pediatric unit and ventilator dependent beds. Greystone. Sign up for a free account. The loans were originated by Fred Levine, managing director at Greystone. Built in 1974, the 475-bed facility in the Bronx was formerly owned by the Daughters of Jacob Nursing Home Company. The long-term FHA financing for Pathways carries a 30-year term at a low, fixed rate, and enables . The transaction was originated by Fred Levine of Greystone. The facility features 54 semi-private units and 12 private units with a total of 120 beds. As the No. 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. No credit card required. 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. 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. 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.
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