Acquisitions / management of Find contact details for 700 million professionals. MultifamilyBiz.com is an information, advertising, and content display platform focused on the multifamily housing 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. 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. 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. No credit card required. . PRESS CONTACT:Karen MarottaGreystone212-896-9149Karen.Marotta@greyco.com. 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. The loans were originated by Fred Levine , managing director at Greystone. The transaction was originated by Fred Levine of Greystone. Greystone is part of the Finance industry, and located in New York, United States. 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. this website is subject to our Terms of Use Agreement. Others Named Fred Levine. Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC and/or other Greystone affiliates. NEW YORK, Nov. 08, 2018 (GLOBE NEWSWIRE) -- Greystone, a leading commercial real estate lending, investment, and advisory company, announced it has provided a total of $46,510,000 in Fannie Mae. Greystone provides more than $34 million in loans to - REJournals 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 The transaction was originated by Fred Levine, managing director in Greystone's Monsey office. We proudly celebratethe vast, multi-dimensional AAPI diaspora. Its 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. The portfolio, totaling 719 beds, is secured by a floating-rate, interest-only loan funded through Greystones non-recourse bridge loan program. 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. 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. HousingWires Rising Stars program recognizes industry professionals who have become leaders in their respective fields. #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. 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. Greystone Provides $72 Million in Bridge Financing for 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. 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 $50 Million in Bridge Financing for million verified professionals across 35 million companies. Over the course of Berrys career at HUD, prior to assuming the role of director of production, the, Bailey Edelson Leaves JBG Smith for Buchanan Partners, U.S. Department of Housing and Urban Development. The property has a LIHTC land use restriction agreement (LURA) that requires limits on tenant income and rent restrictions for all units. Congratulations to Fred Levine on closing a $10.4 million bridge loan on a 120-bed skilled nursing facility in Boonville, NY. Save my name, email, and website in this browser for the next time I comment. by Steve Monroe | Nov 30, 2018 7:00 am | Financings | 0 comments. This month is an opportunity to recognize the incredible contributions of AAPI communities and identities to our society, culture, and economy. Back . The long-term FHA financing for Pathways carries a 30-year term at a low, fixed rate, and enables . Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC and/or other Greystone affiliates. Greystone Provides $24.9 Million in HUD-Insured Financing for Skilled Greystones extensive lending platform is here to meet client needs through every phase of a projects lifecycle. The latest multifamily industry news delivered to your inbox. New York, NY, US View. Greystone provides $50 million loan for skilled-nursing portfolio in Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC and/or other Greystone affiliates. 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. Berry, 60, retired and departed HUD early in 2019 as director of production for. NYREJ : The commercial real estate media source. 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. Fred is based out of New York, New York, United States and works in the Leasing Non-residential Real Estate industry. with Greystone's Fred Levine leading the deal for the lender. 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. Freds origination volume exceeds $1B annually. Submit. The financing was originated by Fred Levine, Managing Director in Greystones New York office, on behalf of long-term client Royal Castle Development. (business & personal). 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. Earlier this year, Levine secured HUD financing for Center Health Care's skilled nursing portfolio in upstate New York . Greystone 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 Provides HUD Loan for Multifamily Complex in Michigan 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. 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. Built in 1974, the 475-bed facility in the . Your email address will not be published. | Source: 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. All rights reserved. Box 1117, New Canaan, CT 06840. 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. Greystone Provides a Total of $47 Million in HUD-Insured 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. Over the first nine months of HUDs fiscal year starting in Oct. 2019 Greystone has been ahead of the pack. All Rights Reserved, Mailing: P.O. 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. Fred Levine has been working as a Managing Director at Greystone for 22 years. 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. Theres a value-add case study for you. 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. DOROTs mission to alleviate social isolation and loneliness has become even more important in recent years due to the pandemic. Gain access to the best healthcare and long-term care investment intelligence, data, and analysis. 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. Greystone volunteers enjoyed creating birthday, caring and holiday cards to bring smiles and cheer to older adults throughout the year. He sources debt and equity finance solutions for owners of multifamily,. You can update your choices at any time in your settings. . the residents of property," said Mr . Fred Levine - Loan Originator at Greystone & Co. - Wiza Select Accept to consent or Reject to decline non-essential cookies for this use. 2023 Greystone & Co. II LLC. are not a party to, and are not liable for, any transactions with any party featured on this website. Episode 3: Fred Levine, Managing Director, Greystone Healthcare Finance 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.. He sources debt and equity finance solutions for owners of multifamily, seniors housing and healthcare properties, in particular skilled nursing and assisted living facilities.