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 The transaction was originated by Fred Levine, Managing Director on behalf of Sunset PropCo LLC and Sunset Operating LLC. Box 1117, New Canaan, CT 06840. Similar Profiles. Greystone intends to move the financing to a permanent exit with a HUD-insured loan as soon as possible. Required fields are marked *. The Optima Portfolio includes 561 beds in total across the three New York skilled nursing facilities, which have each recently been renovated. We proudly celebratethe vast, multi-dimensional AAPI diaspora. 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. Greystone Provides .5 Million in Fannie Mae Green Rewards Financing for Greystone Provides $28.9 Million in HUD-Insured Financing Fred Levine, Greystone. After operating the facility since 2013 and significantly improving performance, Centers acquired it in 2016. 5 free lookups per month. Get contact details including emails and phone numbers That's good for an almost 15 percent share of the market, which is the most among all HUD-qualified lenders. Located on opposite sides of the state, these facilities were each acquired a few years ago from not-for-profit owners. 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. | Source: Check out this great listen on Audible.com. 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. 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. Raleigh, North Carolina, United States . 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. Greystone 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. third parties, and we are not responsible for such. | Source: 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. HUD Veteran Joins Greystone, Focused on - Commercial Observer Greystone Provides $15.8 Million Bridge Loan for Acquisition of Skilled 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. #wherepeoplematter #greystone, Greystone's Lorie Hanson recently closed $23.8M in Fannie Mae DUS Green Rewards financing for a 160-unit multifamily property in Nampa, Idaho. 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. Mortgage servicing Name: Fred Levine Company: Greystone servicing corporation, inc. Job title: Originador de prstamos Country of Residence: United States Precise location . Greystone has provided a $50.1 million bridge loan for the acquisition of a six-property skilled-nursing portfolio in Ohio. 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.. Select Accept to consent or Reject to decline non-essential cookies for this use. Submit. are not a party to, and are not liable for, any transactions with any party featured on this website. Greystone Location 152 W 57th St Fl 60, New York City, New York, 10019, United States Description Industry Investment Banking Finance Discover more about Greystone For more information, visit www.greystone.com. 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. Greystone Managing Director Fred Levine originated the loans insured by the U.S. Housing and Urban Development. 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. Greystones extensive lending platform is here to meet client needs through every phase of a projects lifecycle. Greystone on Tuesday announced the successful closing of a nearly $72 million bridge loan used in the acquisition and refinance of a seven-building . About GreystoneGreystone is a 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. He sources debt and equity finance solutions for owners of multifamily, seniors housing and healthcare properties, in particular skilled nursing and assisted living facilities. 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. Search. LinkedIn and 3rd parties use essential and non-essential cookies to provide, secure, analyze and improve our Services, and (except on the iOS app) to show you relevant ads (including professional and job ads) on and off LinkedIn. Your use of 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. Berry, 60, retired and departed HUD early in 2019 as director of production for. Whether for seniors or children, these skilled nursing facilities will benefit from the stability that comes with low-interest federally-insured loans.. The transaction was originated by Fred Levine of Greystone. #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. 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. Find contact details for 700 million professionals. All Rights Reserved, Mailing: P.O. We do not own or manage any properties featured on this website, Find out the professional email of FRED LEVINE , Originador de prstamos, greystone servicing corporation, inc. GetEmail.io : get anyone's email address in seconds . Greystone's $72M Portfolio Deal; Formation's 12-SNF Sale in VA 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. (business & personal). 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. tenure will see him stationed in Detroit, Mich. as a senior production manager, working alongside Greystone managing director. His integrity is unparalleled, and his deep healthcare industry experience and insight into HUDs perspective will be invaluable to Greystone and our clients.. Fred is one of the top health care originators in the country. Fred Levine . All rights reserved. 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. 1 healthcare lender for HUD-insured loans, Greystone has built a reputation for not only certainty of execution, but for creativity and sector expertise in the skilled nursing and assisted living world, Berry said in a statement. Up to 5 This field is for validation purposes and should be left unchanged. Fred Levineis a Managing Director at Greystone, a commercial real estate lending, investment and advisory company. 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. Learn more: https://bit.ly/3LlpPan 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. . This month is an opportunity to recognize the incredible contributions of AAPI communities and identities to our society, culture, and economy. 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. 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. 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. 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. Real estate development Fred Levine, managing director at Greystone, originated the transaction. Josh has been at Greystone for sixteen years and has been described as someone who works tirelessly behind the scenes. 2023 Irving Levin Associates LLC. Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC and/or other Greystone affiliates. . Our areas of expertise include: The portfolio, totaling 719 beds, is secured by a floating rate, interest-only loan funded through our uniquely non-recourse bridge loan program. Greystone on LinkedIn: Congratulations to Fred Levine on closing a $10. Theres a value-add case study for you. million verified professionals across 35 million companies. The facility features 54 semi-private units and 12 private units with a total of 120 beds. Both transactions were originated by Fred Levine, managing director in Greystone's Monsey, NY office, on behalf of longtime client Singh Development Company. Residents have access to the gated communitys clubhouse and business center, swimming pool and fitness center, tennis court, picnic and playground area, laundry facility and on-site parking. industry. #wherepeoplematter #AAPI #BuildingBelonging #AAPIHeritageMonth, Congratulations to Greystone's Josh Butler for being awarded Stephen Rosenberg Founder's #Award for Integrity in 2022. The financing was originated by Fred Levine, Managing Director in Greystone's New York office, on behalf of long-term client Royal Castle Development. FRED LEVINE , Originador de prstamos, greystone servicing corporation 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. Greystone Provides HUD Loan for Multifamily Complex in Michigan Not the Fred Levine you were looking for? 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. The financing was originated by Fred Levine, Managing Director at Greystone. He sources debt and equity finance solutions for owners of multifamily,. Others Named Fred Levine. 2023 Greystone & Co. II LLC. This diversity of backgrounds, languages, and traditions is rich, vibrant, and expansive. It takes a very deep understanding of the skilled nursing industry to continue to lend in the era of the pandemic, said Mr. Levine. 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. Carver Living Center, located at 303 E. Carver St. in Durham, is the largest . We keep coming back to Greystone because they work tirelessly to uncover opportunities and secure the right resources to make this vision a reality.. No credit card required. Episode 3: Fred Levine, Managing Director, Greystone Healthcare Finance Fred Levine - Loan Originator at Greystone & Co. - Wiza After a hiatus to take some time off after his time at HUD, hes jumping back into the space in a different setting with Greystone. Fred Levine is a Managing Director at Greystone, a commercial real estate lending, investment and advisory company. Built in 1974, the 475-bed facility in the Bronx was formerly owned by the Daughters of Jacob Nursing Home Company. free lookups / month. Greystone has provided a $10.4 million bridge loan to refinance a 120-bed skilled nursing facility in Boonville, New York. 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. #affordablehousing #financingsolutions, Greystone welcomes Paul Donahue as a Managing Director! New York, New York, NY, United States, US, View . 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. 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. For more information, visit www.greystone.com. All Rights Reserved, Mailing: P.O. This Website features information, materials,products, content, images, links,and services provided by Fred Levine - Managing Director - Greystone | ZoomInfo Fred Levine - Loan Originator - Greystone & Co. | LinkedIn PRESS CONTACT:Karen MarottaGreystone212-896-9149Karen.Marotta@greyco.com. The loans were originated by Fred Levine , managing director at Greystone. The transaction was originated by Fred Levine, managing director in Greystone's Monsey office. No credit card required. Learn more in our Cookie Policy. 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. With Interstate 95 in close proximity, the property offers easy access to some of the areas top employers, medical facilities, downtown West Palm Beach shopping, golf courses and beaches, as well as Palm Beach International Airport. Top Greystone & Co. Employees Hafize Erkan Chief Executive Officer. The transaction was originated by Fred Levine of Greystone. DOROTs mission to alleviate social isolation and loneliness has become even more important in recent years due to the pandemic. The financing was originated by Fred Levine, Managing Director at Greystone. Those who are helping move markets forward, each and every day. Greystone is a national commercial real estate finance company with an . If you're not automatically redirected, please click here. 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. Its 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. The portfolio, totaling 719 beds, is secured by a floating-rate, interest-only loan funded through Greystones non-recourse bridge loan program. 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. 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. The transaction was originated by Fred Levine, managing director in Greystone's Monsey office. 2023 Irving Levin Associates LLC. Located at 7 NY-25A in Smithtown, New York, Brookside Multicare houses 353 beds, and includes a pediatric unit and ventilator dependent beds. Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC and/or other Greystone affiliates. Back . 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.. Built in 1974, the 475-bed facility in the . All rights reserved. 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. by Steve Monroe | Nov 30, 2018 7:00 am | Financings | 0 comments. Commercial lending across a variety of platforms such as Fannie Mae, Freddie Mac, CMBS, mezzanine, bridge, and proprietary loan products Save my name, email, and website in this browser for the next time I comment. Read the latest edition of the Commercial Observer online! (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. Sign up for a free account. Greystone provides more than $34 million in loans to - REJournals New York-based multifamily and healthcare lender Greystone provided a $27.5 million HUD loan to Michigan and North Carolina-based multifamily developer Singh Development to refinance a 340-unit apartment community in Canton, Mich., Mortgage Observer has first learned.. Greystone's Fred Levine originated the 35-year, low-rate financing on Wyndchase Apartments, a luxury townhome and apartment . Greystone intends to move the financing to a permanent exit with a HUD-insured loan as soon as possible. Located on opposite sides of the state, these facilities were each acquired a few years ago from not-for-profit owners. 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.. 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. , whos spent nearly 20 years at the firm. Subscribe to our email list to read all news first. Greystone Provides $46.5 Million in Fannie Mae Green Fred is based out of New York, New York, United States and works in the Leasing Non-residential Real Estate industry. This button displays the currently selected search type. 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. 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. Fred works at Greystone & Co. as Loan Originator. Scott Levine - Vice President - Greystone | LinkedIn Real Estate Lending 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. #Greystone #WherePeopleMatter #FoundersAwards. He sources debt and equity finance solutions for owners ofmultifamily,seniors housingand healthcareproperties,in particularskillednursing and assisted living facilities. Greystone provides $50 million loan for skilled-nursing portfolio in
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