{"id":410667,"date":"2021-01-07T14:26:44","date_gmt":"2021-01-07T19:26:44","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=410667"},"modified":"2021-01-07T14:26:44","modified_gmt":"2021-01-07T19:26:44","slug":"greystone-provides-22-2-million-in-hud-insured-financing-for-skilled-nursing-facility-in-westchester-county-new-york","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/greystone-provides-22-2-million-in-hud-insured-financing-for-skilled-nursing-facility-in-westchester-county-new-york\/","title":{"rendered":"Greystone Provides $22.2 Million in HUD-Insured Financing for Skilled Nursing Facility in Westchester County, New York"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">NEW YORK, Jan.  07, 2021  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ajWC9PFLCNWVbDbxeEEn6PLm-46ymUoAR07QtbDjexCZseSvFGB-mAG6I7u0nFVeu61-LkrySwk3yEi-RJ22IQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Greystone<\/a>, 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\u2019s Monsey, New York office.<\/p>\n<p align=\"left\">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\u2019s existing debt and enables the borrower to continue making ongoing improvements to the property.<\/p>\n<p align=\"left\">Originally built in 1984, the <strong>Yorktown Rehabilitation &amp; Nursing Center<\/strong> is a three-story building set in a park-like campus with 127 beds offering comprehensive, short- and long-term rehabilitation, and high-level post-acute care services. The facility provides physician services and complex medical care, in addition to occupational therapy, physical therapy, cardiac therapy, speech therapy, post-surgical orthopedic care, stroke recovery, hip repair\/joint replacement recovery, amputee recovery and training, off-site dialysis, bariatric rehabilitation, wound care, and IV antibiotic therapy. Residents enjoy amenities such as personal concierge services, community sitting and media rooms, therapeutic recreation, a beauty salon and barber services, daily laundry and housekeeping, and counseling and support. Located within a 15-mile radius of three acute-care hospitals, the property is also near three assisted living facilities, and close to neighborhood commercial services and medical centers.<\/p>\n<p align=\"left\">\u201cThe HUD 232 program remains the gold standard in financing for skilled nursing home operators. We work diligently to bring clients to this platform,\u201d said Mr. Levine. \u201cThe success of our time-tested HUD transaction process is evidenced by our long-standing client relationships &#8212; clients keep coming back to Greystone because they appreciate the service, level of expertise and experience our team brings to every transaction.\u201d<\/p>\n<p align=\"left\">\n        <strong>About Greystone<\/strong><br \/>\n        <br \/>Greystone is a private national commercial real estate finance company with an established reputation as a leader in multifamily and healthcare finance, having ranked as a top FHA, Fannie Mae, and Freddie Mac lender in these sectors. Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC and\/or other Greystone affiliates. For more information, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=iVJkztFoov5VEb5xNWsJF8bqrwd0-0hjX0Vv_bjI80eZ52xOBf8EjhUYbJsH8U0TPJjJ1jrvzN0mg-iP4DOzMw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.greystone.com<\/a>.<\/p>\n<p align=\"left\">\n        <strong>PRESS CONTACT:<\/strong><br \/>\n        <br \/>Karen Marotta<br \/>Greystone<br \/>212-896-9149<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=YXLsjaS-Ica9dgtSEqosmDKKq0HbYvb-WfSwH8pUmkUdeMcafLnl_DqkTIXoCUmYtVQBwd2fpBvELF-uniocWvd6slUOPTo4Oi3qKaycNKg=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Karen.Marotta@greyco.com<\/a><\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyMjM3MiMzOTA5MzYzIzIwMjMzODA=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/19c85d5e-eb70-488c-addf-fb4694be3da5\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Jan. 07, 2021 (GLOBE NEWSWIRE) &#8212; 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\u2019s 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\u2019s existing debt and enables the borrower to continue making ongoing improvements to the property. Originally built in 1984, the Yorktown Rehabilitation &amp; Nursing Center is a three-story building set in a park-like campus with 127 beds offering comprehensive, short- and long-term rehabilitation, and high-level post-acute care &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/greystone-provides-22-2-million-in-hud-insured-financing-for-skilled-nursing-facility-in-westchester-county-new-york\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Greystone Provides $22.2 Million in HUD-Insured Financing for Skilled Nursing Facility in Westchester County, New York&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-410667","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Greystone Provides $22.2 Million in HUD-Insured Financing for Skilled Nursing Facility in Westchester County, New York - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/greystone-provides-22-2-million-in-hud-insured-financing-for-skilled-nursing-facility-in-westchester-county-new-york\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Greystone Provides $22.2 Million in HUD-Insured Financing for Skilled Nursing Facility in Westchester County, New York - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Jan. 07, 2021 (GLOBE NEWSWIRE) &#8212; 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\u2019s 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\u2019s existing debt and enables the borrower to continue making ongoing improvements to the property. Originally built in 1984, the Yorktown Rehabilitation &amp; Nursing Center is a three-story building set in a park-like campus with 127 beds offering comprehensive, short- and long-term rehabilitation, and high-level post-acute care &hellip; Continue reading &quot;Greystone Provides $22.2 Million in HUD-Insured Financing for Skilled Nursing Facility in Westchester County, New York&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/greystone-provides-22-2-million-in-hud-insured-financing-for-skilled-nursing-facility-in-westchester-county-new-york\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-07T19:26:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyMjM3MiMzOTA5MzYzIzIwMjMzODA=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/greystone-provides-22-2-million-in-hud-insured-financing-for-skilled-nursing-facility-in-westchester-county-new-york\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/greystone-provides-22-2-million-in-hud-insured-financing-for-skilled-nursing-facility-in-westchester-county-new-york\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Greystone Provides $22.2 Million in HUD-Insured Financing for Skilled Nursing Facility in Westchester County, New York\",\"datePublished\":\"2021-01-07T19:26:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/greystone-provides-22-2-million-in-hud-insured-financing-for-skilled-nursing-facility-in-westchester-county-new-york\\\/\"},\"wordCount\":369,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/greystone-provides-22-2-million-in-hud-insured-financing-for-skilled-nursing-facility-in-westchester-county-new-york\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODEyMjM3MiMzOTA5MzYzIzIwMjMzODA=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/greystone-provides-22-2-million-in-hud-insured-financing-for-skilled-nursing-facility-in-westchester-county-new-york\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/greystone-provides-22-2-million-in-hud-insured-financing-for-skilled-nursing-facility-in-westchester-county-new-york\\\/\",\"name\":\"Greystone Provides $22.2 Million in HUD-Insured Financing for Skilled Nursing Facility in Westchester County, New York - 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The financing was originated by Fred Levine, Managing Director in Greystone\u2019s 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\u2019s existing debt and enables the borrower to continue making ongoing improvements to the property. 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