Greystone Provides $22.2 Million in HUD-Insured Financing for Skilled Nursing Facility in Westchester County, New York
NEW YORK, Jan. 07, 2021 (GLOBE NEWSWIRE) Greystone, a leading national commercial real estate finance company, has provided a $22.2 million HUD-insured loan to refinance a 127-bed skilled nursing facility in Cortlandt, New York. The financing was originated by Fred Levine, Managing Director in Greystone’s Monsey, New York office.
The $22,217,200 permanent FHA refinance carries a low, fixed interest rate and 35-year term and amortization. The non-recourse loan refinances and consolidates the asset’s existing debt and enables the borrower to continue making ongoing improvements to the property.