Fred Levine of Greystone announced his latest two bridge financings that closed in Ohio and Pennsylvania, for three total skilled nursing facilities. Two of those facilities are located in Youngstown, Ohio and have undergone significant renovations in recent years. They offer subacute care, skilled nursing, pulmonary care, wound care, orthopedic rehab and outpatient therapy programs, among others. In addition, one facility has a dialysis unit, while the other offers diabetic management and a Parkinson’s program for both residents and non-residents. They received $15 million in bridge financing.
Then, in the Squirrel Hill neighborhood of Pittsburgh, Pennsylvania, Mr. Levine arranged a $19.5 million bridge loan for Penn Health Partners to purchase a 178-bed skilled nursing facility. Originally built in 1964, the facility is undergoing some improvements and currently offers cardiac rehab, orthopedic rehab, wound care, concierge services and veteran programs. It also features a rehab/therapy gym and a beauty salon for its patients.
