February 11, 2020
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.
For comments, questions or concerns, please contact Paul Bubny