Greystone Provides $10.4 Million Bridge Loan to Refinance Skilled #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. Learn more: https://bit.ly/3LlpPan 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. 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. Read more in Urban Land magazine: https://bit.ly/3nbBwZ9 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. Fred Levine's Post Fred Levine reposted this Fred Levine Managing Director/ Loan Originator 3y Report this post Report Report. The loans were originated by Fred Levine, managing director at Greystone. Greystone. Greystone provides $50 million loan for skilled-nursing portfolio in Submit. Fred Levine - Loan Originator at Greystone & Co. - Wiza Save my name, email, and website in this browser for the next time I comment. Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC and/or other Greystone affiliates. 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. Freds origination volume exceeds $1B annually. Real Estate Investment Fred Levine - Managing Director - Greystone | ZoomInfo Greystone's $72M Portfolio Deal; Formation's 12-SNF Sale in VA #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. HousingWires Rising Stars program recognizes industry professionals who have become leaders in their respective fields. 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. (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. Fred Levine, managing director at Greystone, originated the transaction. 5 free lookups per month. 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. October 04, 2021 12:33 ET The Optima Portfolio includes 561 beds in total across the three New York skilled nursing facilities, which have each recently been renovated. 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. The transaction was originated by Fred Levine of Greystone. 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.. 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. Greystone. Find an expert by name, location, or specialty, discover the breadth and depth of our expertise, and get in touch to request a quote. , whos spent nearly 20 years at the firm. Box 1117, New Canaan, CT 06840. February 08, 2021 11:43 ET Greystone provides more than $34 million in loans to - REJournals 1 min read NEW YORK, April 21, 2021 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, has provided a $24.9 million HUD-insured. This field is for validation purposes and should be left unchanged. He sources debt and equity finance solutions for owners ofmultifamily,seniors housingand healthcareproperties,in particularskillednursing and assisted living facilities. 2023 Irving Levin Associates LLC. Required fields are marked *. PRESS CONTACT:Karen MarottaGreystone212-896-9149Karen.Marotta@greyco.com. Greystone intends to move the financing to a permanent exit with a HUD-insured loan as soon as possible. Theres a value-add case study for you. Raleigh, North Carolina, United States . They have been an incredible partner in this journey, said Mr. Levine. The financing was originated by Fred Levine, Managing Director at Greystone. Greystone has provided a $10.4 million bridge loan to refinance a 120-bed skilled nursing facility in Boonville, New York. Tristan is the type of person who goes out of his way to help others, often putting the needs of others before his own. #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. 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. After operating the facility since 2013 and significantly improving performance, Centers acquired it in 2016. If you're not automatically redirected, please click here. This Website features information, materials,products, content, images, links,and services provided by Relationship Managers & Loan Originators | Greystone 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. 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. 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. Fred Levine, Greystone. Acquisitions / management of Find contact details for 700 million professionals. 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 The transaction was originated by Fred Levine of Greystone. are not a party to, and are not liable for, any transactions with any party featured on this website. Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC and/or other Greystone affiliates. 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. Over the first nine months of HUDs fiscal year starting in Oct. 2019 Greystone has been ahead of the pack. New York, New York, NY, United States, US, View Your email address will not be published. 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. Learn more in our Cookie Policy. 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. 2023 Greystone & Co. II LLC. The . by Steve Monroe | Nov 30, 2018 7:00 am | Financings | 0 comments. industry. Congratulations, Tristan! #affordablehousing #financingsolutions, Greystone welcomes Paul Donahue as a Managing Director! Fred Levine has been working as a Managing Director at Greystone for 22 years. PRESS CONTACT:Karen MarottaGreystone212-896-9149Karen.Marotta@greyco.com. . 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. Fred Levine is a Managing Director at Greystone, a commercial real estate lending, investment and advisory company. 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. Up to 5 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. (business & personal). | Source: 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. Managing Director Fred Levine of Greystone originated the permanent Federal Housing Administration (FHA) financing, which features a 30-year term and 30-year amortization as well as a low, fixed rate. 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. Greystone Fred Levine . Fred is one of the top health care originators in the country. The transaction was originated by Fred Levine, managing director in Greystone's Monsey office. Greystone Provides $28.9 Million in HUD-Insured Financing this website is subject to our Terms of Use Agreement. Greystone Provides $50 Million in Bridge Financing for The latest multifamily industry news delivered to your inbox. Fred Levine - Loan Originator - Greystone & Co. | LinkedIn 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. Search. The portfolio, totaling 719 beds, is secured by a floating-rate, interest-only loan funded through Greystones non-recourse bridge loan program. tenure will see him stationed in Detroit, Mich. as a senior production manager, working alongside Greystone managing director. Fred Levine, Greystone. HUD Veteran Joins Greystone, Focused on - Commercial Observer 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.