Find an expert by name, location, or specialty, discover the breadth and depth of our expertise, and get in touch to request a quote. NEW YORK, Oct. 04, 2021 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, has provided a $50,100,000 bridge loan for the acquisition of a six-property skilled nursing portfolio in Ohio. We do not own or manage any properties featured on this website, Greystone Centers In On New York Refinances The purchase of Saint Marys East renamed Nightingale Nursing and Rehab Center, was secured by a short-term two-year floating rate, interest-only loan, which Greystone will work to transition to permanent HUD-insured financing. Read more about this award here: https://spr.ly/6049OTCn7, Congratulations to Greystone's Jon Morales for being ranked by HousingWire as a 2023 rising star. Then in Buffalo, Greystone refinanced the original bridge loan provided by Popular Bank (and arranged by Greystone) for Centers acquisition of a 200-bed skilled nursing facility. Read more in Urban Land magazine: https://bit.ly/3nbBwZ9 Fred works at Greystone & Co. as Loan Originator. | Source: Greystone Provides $10.4 Million Bridge Loan to Refinance Skilled Up to 5 Greystone Jul 2021 - Present1 year 10 months Co-Founder Cottonwood Funding Jan 2017 - Present6 years 4 months Monsey, New York Perform due diligence on investment opportunities in early stage. Greystone on LinkedIn: Congratulations to Fred Levine on closing a $10. Located in Boonville, 20 miles north of Rome, NY, Sunset Nursing and Rehabilitation Center is growing its occupancy and is the only nursing home in a 15-mile radius. Gain access to the best healthcare and long-term care investment intelligence, data, and analysis. The financing was originated by Fred Levine, Managing Director at Greystone. 2023 Irving Levin Associates LLC. Berrys Greystone tenure will see him stationed in Detroit, Mich. as a senior production manager, working alongside Greystone managing director Fred Levine, whos spent nearly 20 years at the firm. Required fields are marked *. Search over 700 Long Island Skilled Nursing Asset Snags $71M Refi Greystones bridge lending group is stepping up its efforts to provide financing solutions to our borrowers so they can continue to focus on resident care.. The $75 million in HUD-insured loans carry a low fixed rate, 35-year terms and amortization periods, and were funded via the HUD 232 program for financing of skilled nursing and assisted living facilities. We see a lot of potential in the former St. Marys East campus, partially due to the large number of private resident rooms, said Dov Braun, Key Principal of the borrowers. Our areas of expertise include: We are actively seeking to acquire stabilized skilled nursing, memory care, assisted living and independent living properties, said Eric Mendel, CEO of Avenir Healthcare Group and managing member of the Optima Care portfolio. delivered to your inbox. Greystone volunteers enjoyed creating birthday, caring and holiday cards to bring smiles and cheer to older adults throughout the year. Greystone Provides $10.4 Million Bridge Loan to Refinance Skilled . This diversity of backgrounds, languages, and traditions is rich, vibrant, and expansive. Fred is based out of New York, New York, United States and works in the Leasing Non-residential Real Estate industry. You can update your choices at any time in your settings. Greystone Provides $15.8 Million Bridge Loan for Acquisition of Skilled third parties, and we are not responsible for such. About GreystoneGreystone 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. Greystone provided $75 million in FHA loans for the acquisition of the Optima Portfolio of skilled nursing facilities including Brookside Multicare in Smithtown, New York; White Plains Center for Nursing and Rehab in White Plains, New York; and Little Neck Nursing Center in Queens, New York. Subscribe to our email list to read all news first. Greystone has provided a $50.1 million bridge loan for the acquisition of a six-property skilled-nursing portfolio in Ohio. Its incredibly exciting to have Patrick join our team; Ive known Patrick for almost 20 years, Levine said in a statement. The transaction was originated by Fred Levine, Managing Director on behalf of Sunset PropCo LLC and Sunset Operating LLC. No credit card required. July 28, 2021 NEW YORK, NY - Greystone, a leading national commercial real estate finance company, has provided a $15,800,000 million bridge loan for the acquisition of a skilled nursing, memory care, and personal care campus in Erie, Pennsylvania. Learn more in our Cookie Policy. Located on opposite sides of the state, these facilities were each acquired a few years ago from not-for-profit owners. Back . No credit card required. February 08, 2021 11:43 ET The transaction was originated by Fred Levine of Greystone. Top Greystone & Co. Employees Hafize Erkan Chief Executive Officer. | Source: Now that the facility is fully stabilized with a 96% occupancy rate, Greystone provided a $71.78 million loan, or $151,000 per bed, with a 35-year term, to both refinance it and fund a cosmetic renovation. Implementing our operational plans and enhanced resident care programs to continue and build on Saint Marys reputation of exceptional resident care is our priority., About Greystone: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. The financing was originated by Fred Levine, Managing Director in Greystones New York office, on behalf of long-term client Royal Castle Development. DOROTs mission to alleviate social isolation and loneliness has become even more important in recent years due to the pandemic. Search. Over the course of Berrys career at HUD, prior to assuming the role of director of production, the, Bailey Edelson Leaves JBG Smith for Buchanan Partners, U.S. Department of Housing and Urban Development. This Website features information, materials,products, content, images, links,and services provided by Located on opposite sides of the state, these facilities were each acquired a few years ago from not-for-profit owners. Greystone. Years earlier, Centers had stepped in as the county-owned facilitys receiver, before purchasing it in December 2015 for nearly $9 million, including $3.8 million in liabilities. industry. The financing was originated by Fred Levine, Managing Director at Greystone. The $28,992,00 HUD-insured Section 223(f) financing carries a 35-year term and 35-year amortization, along with a low, fixed interest rate. Real estate development Others Named Fred Levine. Relationship Managers & Loan Originators | Greystone are not a party to, and are not liable for, any transactions with any party featured on this website. The transaction was originated by Fred Levine, Managing Director on behalf of Sunset PropCo LLC and Sunset Operating LLC. As the No. FRED LEVINE , Originador de prstamos, greystone servicing corporation Select Accept to consent or Reject to decline non-essential cookies for this use. It's been the most active HUD multifamily and healthcare agency lender over that time, having doled out nearly $2.6 billion in commitments across 136 loans, per an update from Greystone. Greystone intends to move the financing to a permanent exit with a HUD-insured loan as soon as possible. MultifamilyBiz.com is an information, advertising, and content display platform focused on the multifamily housing HousingWires Rising Stars program recognizes industry professionals who have become leaders in their respective fields. #Greystone #WherePeopleMatter #FoundersAwards. #risingstar #housing #leader, Join Greystone and Greystones Asian Pacific Islanders Employee Resource Group as we honor and celebrate Asian American Pacific Islanders (AAPI) throughout May and beyond. The facility features 54 semi-private units and 12 private units with a total of 120 beds. The transaction was originated by Fred Levine, Managing Director on behalf of Sunset PropCo LLC and Sunset Operating LLC. Fred Levineis a Managing Director at Greystone, a commercial real estate lending, investment and advisory company. Sign up for a free account. Not the Fred Levine you were looking for? We keep coming back to Greystone because they work tirelessly to uncover opportunities and secure the right resources to make this vision a reality.. Greystone Managing Director Fred Levine originated the loans insured by the U.S. Housing and Urban Development. NYREJ : The commercial real estate media source. The transaction was originated by Fred Levine of Greystone. Located at 7 NY-25A in Smithtown, New York, Brookside Multicare houses 353 beds, and includes a pediatric unit and ventilator dependent beds. Greystone on Tuesday announced the successful closing of a nearly $72 million bridge loan used in the acquisition and refinance of a seven-building . Your email address will not be published. The Optima Portfolio includes 561 beds in total across the three New York skilled nursing facilities, which have each recently been renovated. the residents of property," said Mr . The loans were originated by Fred Levine , managing director at Greystone. Fred Levine - Loan Originator at Greystone & Co. - Wiza Fred Levine - Greystone Greystone has provided a $50.1 million bridge loan for the acquisition of a six-property skilled-nursing portfolio in Ohio. Greystone Provides $24.9 Million in HUD-Insured Financing for Skilled They have since turned around the operations (with 90% occupancy) and turned to Mr. Levine to receive a $28.87 million ($144,000 per bed) HUD loan to refinance the facility. Cultures of over 75 countries from the Asian continent East, Southeast, and South Asia as well as the Pacific Islands of Melanesia, Micronesia, and Polynesia contribute to the remarkable achievements and helped shape our nations history. . That's good for an almost 15 percent share of the market, which is the most among all HUD-qualified lenders. The transaction was originated by Fred Levine, managing director in Greystone's Monsey office. NEW YORK, Aug. 08, 2022 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, has provided a total of $47 million in HUD-insured loans for five skilled nursing. Greystone Provides $50 Million in Bridge Financing for with Greystone's Fred Levine leading the deal for the lender. Join us in taking the time to educate yourself and approach the AAPIumbrella with openness and curiosity to learn more about identities, history, and culture. Working on behalf of skilled nursing operator Centers Health Care, Fred Levine of Greystone arranged over $100 million in HUD financing to refinance a couple of their New York SNFs. 2023 Greystone & Co. II LLC. Acquisitions / management of Find contact details for 700 million professionals. All Rights Reserved, Mailing: P.O. NYREJ : The commercial real estate media source. Greystone Originates $37M for Skilled Nursing Facilities The portfolio, totaling 719 beds, is secured by a floating-rate, interest-only loan funded through Greystones non-recourse bridge loan program. Constructed by the borrower in 2000, Hampton Court Apartments consists of 19 garden-style apartment buildings offering two- and three-bedroom units with updated appliances, washer/dryer hook ups, and private outdoor living spaces. Fred Levine - Loan Originator - Greystone & Co. | LinkedIn million verified professionals across 35 million companies. The transaction was originated by Fred Levine, managing director in Greystone's Monsey office. Greystone's $72M Portfolio Deal; Formation's 12-SNF Sale in VA Whether for seniors or children, these skilled nursing facilities will benefit from the stability that comes with low-interest federally-insured loans.. Greystone has provided a $10.4 million bridge loan to refinance a 120-bed skilled nursing facility in Boonville, New York. Zondas economists recently shared an update on the housing market. tenure will see him stationed in Detroit, Mich. as a senior production manager, working alongside Greystone managing director. free lookups / month. Greystone is part of the Finance industry, and located in New York, United States. The $75 million in HUD-insured loans carry a low fixed rate, 35-year terms and amortization periods, and were funded via the HUD 232 program for financing of skilled nursing and assisted living facilities. This is the first step in the bridge-to-HUD process and a continuation of our commitment to provide liquidity to healthcare providers, said Mr. Levine. The White Plains Center for Nursing and Rehab, located at 220 West Post Road, is a smaller-scale facility with 88 beds, while the Little Neck Nursing Center, located at 260-19 Nassau Blvd, has120 beds. The financing was originated by Fred Levine, Managing Director in Greystone's New York office, on behalf of long-term client Royal Castle Development. Berry, who has crossed paths with Greysone on numerous occasions while at HUD, will slot straight into the companys healthcare and multifamily originations operations, with a focus on skilled nursing facilities, according to a representative for Greystone. Greystone is a real estate lending, investment and advisory company headquartered in New York City. We proudly celebratethe vast, multi-dimensional AAPI diaspora. Box 1117, New Canaan, CT 06840. 2023 Greystone & Co. II LLC. Congratulations to Fred Levine on closing a $10.4 million bridge loan on a 120-bed skilled nursing facility in Boonville, NY. Here are some key takeaways:https://bit.ly/3UTFN01 We are always guided by our core value of caring and encourage employees to take volunteer time off (VTO) to support and care for the communities in which we live and work. Fred joined Greystone in 2001 and specializes in originating FHA-insured loans, Fannie Mae, Freddie Mac, CMBS and bridge financing, and a range of other solutions for the acquisition and refinancing of commercial real estate and healthcare facilities. It takes a very deep understanding of the skilled nursing industry to continue to lend in the era of the pandemic, said Mr. Levine. The long-term FHA financing for Pathways carries a 30-year term at a low, fixed rate, and enables . (HUD), has joined one of the countrys largest and most prominent agency lending and servicing operations as a senior member within its healthcare lending group, Commercial Observer has learned. Greystone Monticello LLC, a bridge lending platform intended to serve as a one-stop shop provider of capital finance products and services for the senior housing, healthcare and multifamily. Congrats, Josh! Fred Levine - Managing Director - Greystone | ZoomInfo #housingmarket #mortgagerates, Earlier this year, GreystonesDEIteam and DEI committee leaders came together with our Human Resources and Marketing teams to serve Senior adultcommunities and help decrease social isolation through DOROTs card making volunteerwork. All rights reserved. Tristan is the type of person who goes out of his way to help others, often putting the needs of others before his own. For more information, visit www.greystone.com. He sources debt and equity finance solutions for owners ofmultifamily,seniors housingand healthcareproperties,in particularskillednursing and assisted living facilities. I may be getting old, but the excitement of helping quality operators acquire facilities so they can provide amazing care for their residents never gets old, said Mr. Levine. New York Skilled Nursing Facility Lands $10M Refi Greystone provides $50 million loan for skilled-nursing portfolio in Our expertise in the affordable housing space and our industry-leading HUD platform enables us to find solutions that meet the needs of our clients and, ultimately, the residents of property, said Mr. Levine. Berry, 60, retired and departed HUD early in 2019 as director of production for. NEW YORK, Feb. 08, 2021 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, has provided a $28,992,000 HUD-insured loan to refinance a 288-unit affordable housing property in Mangonia Park, Florida. Fred Levine, Greystone. Optima Skilled Nursing Facility Portfolio - Greystone After a long career at HUD, covering all aspects of financing, Im looking forward to working alongside the experts at Greystone that Ive gotten to know over the last few decades.. Greystone Provides $72 Million in Bridge Financing for Niskayuna, NY Greystone has provided a $27.048 million HUD-insured permanent loan to refinance Pathways Nursing and Rehabilitation Center, a 112-bed skilled nursing facility. The transaction marks one of the largest-ever HUD loans for a skilled nursing facility, and caps over $200 . Greystone has been a trusted and reliable partner as we continue to build our portfolio of assets across the long term care continuum, and I am thrilled with the outcome and Greystones ability to execute long-term HUD financing straight away., We are thrilled to have led a record three closings in one day with HUDs New York office. Advertisement "We are thrilled to have helped our client complete this transaction to expand their SNF portfolio," Levine . Fred Levine - Levin Associates Section 232 loans, a program that shields lenders from mortgage defaults and is geared to insure loans that facilitate the construction or rehabilitation of skilled nursing, intermediate care and assisted living facilities, among a couple other classifications; theres also the corresponding Section 232/223(f), which is available for purchases or refinancings of these asset types. The loans were originated by Fred Levine, managing director at Greystone. 2023 Irving Levin Associates LLC. All Rights Reserved, Mailing: P.O. May 27, 2021 Fred Levine Greystone has provided $34.946 million in HUD-insured loans to refinance a portfolio of five skilled nursing facilities across southeastern Wisconsin comprising 558 beds.. Greystone is a national commercial real estate finance company with an . #wherepeoplematter #AAPI #BuildingBelonging #AAPIHeritageMonth, Congratulations to Greystone's Josh Butler for being awarded Stephen Rosenberg Founder's #Award for Integrity in 2022. Berry, 60, retired and departed HUD early in 2019 as director of production for Federal Housing Administration Section 232 loans, a program that shields lenders from mortgage defaults and is geared to insure loans that facilitate the construction or rehabilitation of skilled nursing, intermediate care and assisted living facilities, among a couple other classifications; theres also the corresponding Section 232/223(f), which is available for purchases or refinancings of these asset types. Greystone Provides .5 Million in Fannie Mae Green Rewards Financing for Fred Levine's Post Fred Levine reposted this Fred Levine Managing Director/ Loan Originator 3y Report this post Report Report. Get contact details including emails and phone numbers #affordablehousing #financingsolutions, Greystone welcomes Paul Donahue as a Managing Director! Mr. Donahue brings over 35 years of real estate capital markets expertise to Greystones lending platform, and is based in Boston, MA: bit.ly/3oB8TVS Welcome, Paul! NEW YORK, May 21, 2019 (GLOBE NEWSWIRE) -- Greystone, a leading commercial real estate lending, investment, and advisory company, announced it has provided $71,920,000 in financing for the. The complex includes six buildings comprising 139 skilled nursing beds, of which 39 are for a dedicated for Memory Care residents; 131 licensed personal care beds; and 91 residential living units. Fred Levine email address & phone number | Greystone & Co. Loan For more information, visit www.greystone.com. Brooklyn, NY Greystone has provided a $78.399 million HUD-insured permanent loan to refinance Boro Park Center for Nursing & Rehabilitation, a skilled nursing facility. Your email address will not be published. October 04, 2021 12:33 ET Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC and/or other Greystone affiliates. Greystone Provides a Total of $47 Million in HUD-Insured #WherePeopleMatter #Volunteer #Caring #Community#BuildingBelonging, Greystones Michael Zukerman spoke with Urban Land Institute about innovative strategies to address the #affordable housing crisis, including mixed-income developments, which can help address the supply issue. HUD Veteran Joins Greystone, Focused on - Commercial Observer Name: Fred Levine Company: Greystone servicing corporation, inc. Job title: Originador de prstamos Country of Residence: United States Precise location . 2023 - MULTIFAMILYBIZ.COM - ALL RIGHTS RESERVED, PropTech Innovator 365 Connect Celebrates Twenty-Years of Delivering Leading Edge Solutions to The Multifamily Housing Industry. Built in 1974, the 475-bed facility in the . Greystones extensive lending platform is here to meet client needs through every phase of a projects lifecycle. With HUDs full cooperation, and that of the buyer/borrower and the seller, both repeat Greystone clients, we were able to efficiently execute the financing and timing on favorable terms., HUDs partnerships with private lenders like Greystone are putting healthcare facilities across New York on firm financial footing for decades to come, said Lynne Patton, HUD Regional Administrator for New York and New Jersey. Real Estate Lending Fred Levine, Greystone. City University of New York-Brooklyn College, {{ userNotificationState.getAlertCount('bell') }}. by Steve Monroe | Nov 30, 2018 7:00 am | Financings | 0 comments. Box 1117, New Canaan, CT 06840. NEW YORK, Nov. 08, 2018 (GLOBE NEWSWIRE) -- Greystone, a leading commercial real estate lending, investment, and advisory company, announced it has provided a total of $46,510,000 in Fannie Mae. If you're not automatically redirected, please click here. Fred Levine . Both transactions were originated by Fred Levine, managing director in Greystone's Monsey, NY office, on behalf of longtime client Singh Development Company. Fred Levine posted on LinkedIn The transaction was originated by Fred Levine of Greystone. Greystone. After operating the facility since 2013 and significantly improving performance, Centers acquired it in 2016. The latest multifamily industry news delivered to your inbox. Carver Living Center, located at 303 E. Carver St. in Durham, is the largest . Freds origination volume exceeds $1B annually. Over the first nine months of HUDs fiscal year starting in Oct. 2019 Greystone has been ahead of the pack. Sunset Nursing and Rehabilitation Center is a one-story brick facility built over three phases, in 1964, 1971, and 1985, which was renovated in 2008. Built in 1974, the 475-bed facility in the Bronx was formerly owned by the Daughters of Jacob Nursing Home Company. Fred is one of the top health care originators in the country. PRESS CONTACT:Karen MarottaGreystone212-896-9149Karen.Marotta@greyco.com. , whos spent nearly 20 years at the firm. Greystone We want our residents to enjoy a quality home in a safe community. Earlier this year, Levine secured HUD financing for Center Health Care's skilled nursing portfolio in upstate New York . Greystone intends to move the financing to a permanent exit with a HUD-insured loan as soon as possible. Greystone Greystone provides more than $34 million in loans to - REJournals This field is for validation purposes and should be left unchanged. The portfolio, totaling 719 beds, is secured by a floating rate, interest-only loan funded through our uniquely non-recourse bridge loan program. He sources debt and equity finance solutions for owners of multifamily, seniors housing and healthcare properties, in particular skilled nursing and assisted living facilities.
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