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Brokerage
Posted: July 7, 2020
Levine of Greystone originates $43.88 million for three skilled nursing facilities on behalf of Centers for Care
Canandaigua, NY Greystone provides $43.88 million in total HUD-insured financing for a trio of affiliated skilled nursing facilities in Upstate. The separate transactions were originated by Fred Levine of Greystone on behalf of Centers for Care.
The three facilities included in the financing package, which total 323 beds, include Ontario Center for Nursing and Rehabilitation; Steuben Center for Nursing and Rehabilitation in Bath; and Corning Center for Nursing and Rehabilitation in Corning.
The $43.88 million in HUD-insured 232(f) financings carry extremely low interest rates with very long loan terms and amortization.
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