Located at 7 NY-25A in Smithtown, New York, Brookside Multicare houses 353 beds, and includes a pediatric unit and ventilator dependent beds. Name: Fred Levine Company: Greystone servicing corporation, inc. Job title: Originador de prstamos Country of Residence: United States Precise location . The financing was originated by Fred Levine, Managing Director at Greystone. Fred is based out of New York, New York, United States and works in the Leasing Non-residential Real Estate industry. 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. 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. free lookups / month. 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. Box 1117, New Canaan, CT 06840. 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. 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. Fred is one of the top health care originators in the country. Its incredibly exciting to have Patrick join our team; Ive known Patrick for almost 20 years, Levine said in a statement. This Website features information, materials,products, content, images, links,and services provided by 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. 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. Those who are helping move markets forward, each and every day. Theres a value-add case study for you. Top Greystone & Co. Employees Hafize Erkan Chief Executive Officer. Built in 1974, the 475-bed facility in the Bronx was formerly owned by the Daughters of Jacob Nursing Home Company. Carver Living Center, located at 303 E. Carver St. in Durham, is the largest . No credit card required. Congrats, Josh! 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. #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. 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. For more information, visit www.greystone.com. This month is an opportunity to recognize the incredible contributions of AAPI communities and identities to our society, culture, and economy. Greystone on Tuesday announced the successful closing of a nearly $72 million bridge loan used in the acquisition and refinance of a seven-building . 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. We do not own or manage any properties featured on this website, Box 1117, New Canaan, CT 06840. | Source: Zondas economists recently shared an update on the housing market. 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.. 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. Fred Levine, managing director at Greystone, originated the transaction. 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. First phase of construction wraps on 1.06-million-square-foot industrial building in Columbus, NAI Isaac closes sale of 6.15 acres of land in Kentucky, Partners Real Estate brokers sale of multi-tenant industrial property in Pasadena, JLL sells 87,858-square-foot retail center in Indiana. 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. HousingWires Rising Stars program recognizes industry professionals who have become leaders in their respective fields. Read more in Urban Land magazine: https://bit.ly/3nbBwZ9 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 want our residents to enjoy a quality home in a safe community. Over the first nine months of HUDs fiscal year starting in Oct. 2019 Greystone has been ahead of the pack. February 08, 2021 11:43 ET PRESS CONTACT:Karen MarottaGreystone212-896-9149Karen.Marotta@greyco.com. Fred Levine . The Optima Portfolio includes 561 beds in total across the three New York skilled nursing facilities, which have each recently been renovated. Over the course of Berrys career at HUD, prior to assuming the role of director of production, the Central Michigan University alum had worked as an operations officer, an analyst, a policy specialist, a loan Specialist and an auditor, per information from Greystone. Your email address will not be published. Submit. The portfolio, totaling 719 beds, is secured by a floating-rate, interest-only loan funded through Greystones non-recourse bridge loan program. #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. by Steve Monroe | Nov 30, 2018 7:00 am | Financings | 0 comments. Greystone has provided a $50.1 million bridge loan for the acquisition of a six-property skilled-nursing portfolio in Ohio. Located on opposite sides of the state, these facilities were each acquired a few years ago from not-for-profit owners. Real Estate Investment His integrity is unparalleled, and his deep healthcare industry experience and insight into HUDs perspective will be invaluable to Greystone and our clients.. As the No. this website is subject to our Terms of Use Agreement. 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. Raleigh, North Carolina, United States . 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. Josh has been at Greystone for sixteen years and has been described as someone who works tirelessly behind the scenes. After operating the facility since 2013 and significantly improving performance, Centers acquired it in 2016. Read the latest edition of the Commercial Observer online! 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. #multifamilyfinancing #fanniemae #greenbuilding, Congratulations to Greystone's Tristan Golas for being awarded Stephen Rosenberg Founder's #Award for Caring in 2022. Your email address will not be published. The transaction was originated by Fred Levine, Managing Director on behalf of Sunset PropCo LLC and Sunset Operating LLC. Search over 700 View Fred Levine's email address (f*****@greyc***.com) and phone number. No credit card required. Find an expert by name, location, or specialty, discover the breadth and depth of our expertise, and get in touch to request a quote. delivered to your inbox. Sign up for a free account. 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. Greystone Provides $46.5 Million . 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's Post Fred Levine reposted this Fred Levine Managing Director/ Loan Originator 3y Report this post Report Report. Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC and/or other Greystone affiliates. 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. It takes a very deep understanding of the skilled nursing industry to continue to lend in the era of the pandemic, said Mr. Levine. #Greystone #WherePeopleMatter #FoundersAwards, The main question is the following: is housing back for good, and what does that mean for multifamily demand going forward? , whos spent nearly 20 years at the firm. 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 of Greystone. The financing was originated by Fred Levine, Managing Director in Greystone's New York office, on behalf of long-term client Royal Castle Development. Mortgage servicing The facility features 54 semi-private units and 12 private units with a total of 120 beds. Here are some key takeaways:https://bit.ly/3UTFN01 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. Greystone is a national commercial real estate finance company with an . 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. Fred works at Greystone & Co. as Loan Originator. 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. Built in 1974, the 475-bed facility in the . 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. Freds origination volume exceeds $1B annually. 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. Greystone is part of the Finance industry, and located in New York, United States. He sources debt and equity finance solutions for owners of multifamily, seniors housing and healthcare properties, in particular skilled nursing and assisted living facilities. The latest multifamily industry news delivered to your inbox. Find out the professional email of FRED LEVINE , Originador de prstamos, greystone servicing corporation, inc. GetEmail.io : get anyone's email address in seconds . The transaction was originated by Fred Levine, managing director in Greystone's Monsey office. This button displays the currently selected search type. Fred Levine has been working as a Managing Director at Greystone for 22 years. Greystones extensive lending platform is here to meet client needs through every phase of a projects lifecycle. Commercial lending across a variety of platforms such as Fannie Mae, Freddie Mac, CMBS, mezzanine, bridge, and proprietary loan products 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. 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. Congratulations to Fred Levine on closing a $10.4 million bridge loan on a 120-bed skilled nursing facility in Boonville, NY. Fred Levine, Greystone. 2023 Greystone & Co. II LLC. Fredearned aBachelorsdegree at City University of New York Brooklyn College. #affordablehousing #financingsolutions, Greystone welcomes Paul Donahue as a Managing Director! 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. 5 free lookups per month. the residents of property," said Mr . City University of New York-Brooklyn College, {{ userNotificationState.getAlertCount('bell') }}. #Greystone #WherePeopleMatter #FoundersAwards. Greystone 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. If you're not automatically redirected, please click here. This diversity of backgrounds, languages, and traditions is rich, vibrant, and expansive. For more information, visit www.greystone.com. The transaction was originated by Fred Levine, Managing Director on behalf of Sunset PropCo LLC and Sunset Operating LLC. 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. The property has a LIHTC land use restriction agreement (LURA) that requires limits on tenant income and rent restrictions for all units. Similar Profiles. | Source: Gain access to the best healthcare and long-term care investment intelligence, data, and analysis. Greystones longstanding commitment to the affordable housing market mirrors our own, and we value the teams expertise and finesse in getting these transactions to a quick close, said Mr. Elliott Stone, principal of Royal Castle Development. (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. 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. All Rights Reserved, Mailing: P.O. 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. 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. third parties, and we are not responsible for such. 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. Real Estate Lending The transaction was originated by Fred Levine of Greystone. Greystone Located on opposite sides of the state, these facilities were each acquired a few years ago from not-for-profit owners. They have been an incredible partner in this journey, said Mr. Levine. 2023 Irving Levin Associates LLC. 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. All rights reserved. The loans were originated by Fred Levine, managing director at Greystone. 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. This field is for validation purposes and should be left unchanged. Our areas of expertise include: Subscribe to our email list to read all news first. 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.. . 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. Greystone has provided a $50.1 million bridge loan for the acquisition of a six-property skilled-nursing portfolio in Ohio. All Rights Reserved, Mailing: P.O. That's good for an almost 15 percent share of the market, which is the most among all HUD-qualified lenders. 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. Greystone. 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. 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. million verified professionals across 35 million companies. (business & personal). document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Gain access to the best healthcare and long-term care investment intelligence, data, and analysis. Learn more: https://bit.ly/3LlpPan 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. Greystone has provided a $10.4 million bridge loan to refinance a 120-bed skilled nursing facility in Boonville, New York. He sources debt and equity finance solutions for owners ofmultifamily,seniors housingand healthcareproperties,in particularskillednursing and assisted living facilities. He sources debt and equity finance solutions for owners of multifamily,. . Both transactions were originated by Fred Levine, managing director in Greystone's Monsey, NY office, on behalf of longtime client Singh Development Company. 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. MultifamilyBiz.com is an information, advertising, and content display platform focused on the multifamily housing For more information, visit www.greystone.com, Harbert South Bay Partners Starts Construction on Luxury Assisted Living and Memory Care Senior Living Community in San Clemente, Mill Creek Breaks Ground on Its Second Arizona Community with 360-Unit Modera Reserve in Kierland Neighborhood of North Scottsdale, Aventon Companies Breaks Ground on 336-Unit Aventon Mikasa Luxury Apartment Community in Clements Ferry Corridor of Charleston, Greystar Launches New Renting Experience with 378-Unit Ltd. Med Center Apartment Community in Texas Medical Center District, The latest multifamily industry news

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