Greystone seems to have specialized in Queens financings, as the firm went back to the New York borough to close two more HUD loans for a couple of large skilled nursing facilities. This summer, Fred Levine, working out of the firm’s Monsey, New York office, arranged a $60 million HUD refinance for a 302-bed SNF and a $29 million HUD loan to refinance a 227-bed facility. He didn’t stop there, however, and originated nearly $55 million in HUD financing for two other SNFs.
First, Mr. Levine originated a $21.92 million loan for a 298-bed facility that offers short-term rehab, long-term care, bariatric weight loss services (a specialized 90-day in-patient program with both counseling and exercise groups), dementia care, I.V. therapy, respiratory services and wound care.
Then, a 278-bed facility received a $32.32 million loan, courtesy of Mr. Levine. The location is unique in that it caters to the Chinese population with culturally-appropriate activities and food options, as well as a variety of care and therapies. Both facilities are part of the SentosaCare network.
