November 3, 2017
L & A RE Acquisitions has refinanced Adira at Riverside Rehabilitation & Nursing, a skilled nursing facility in Yonkers, with a permanent loan of $24.9 million provided by Greystone.
“For owners and investors in healthcare facilities, it is a multi-step process to reach the permanent, long-term HUD financing that ensures a long-term and low, fixed rate,” said Fred Levine, managing director of Greystone, who originated the loan with Shia Fishman as correspondent.
L & A will use the new loan to retire a bridge loan that the firm used to buy the property in 2015.
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