February 11, 2020 Comments Off on Greystone Provides HUD Refi on Pennsylvania SNF Portfolio Views: 231 National News, Northeast, Pennsylvania

Greystone Provides HUD Refi on Pennsylvania SNF Portfolio

Greystone provided a total of $62,984,000 in HUD-insured loans to refinance a portfolio of five skilled nursing facilities in Pennsylvania. The transaction was originated by Fred Levine of Greystone on behalf of Maybrook Holdings, a repeat borrower through Greystone.

The FHA loans are all non-recourse, long-term and self-amortizing, and the interest rates are both low and fixed for the life of the loans.

The portfolio consists of 622 total beds across the five properties in Easton, Millville, Orangeville and Stevens, PA They were originally acquired in 2017.

Pictured: The Gardens at Easton in Easton, PA.

Connect With Greystone

Get CRE News in 150 words

For comments, questions or concerns, please contact Paul Bubny

Tags: , ,

Comments are closed.

Send this to a friend