Greystone provided HUD financing to a portfolio of five skilled nursing facilities in the eastern part of Pennsylvania. The 622-bed portfolio, located in Easton, Millville, Orangeville and Stevens, was acquired by Maybrook Holdings in 2017 for an undisclosed price. Whatever changes were made or renovations were completed must have worked out, as Maybrook sought out a permanent debt solution.
Fred Levine originated the deal, which consisted of $62.98 million in non-recourse, self-amortizing HUD loans that also came with low, fixed rates.
