Dec

NY MOB Lands $17M Loan

The long-term FHA loan represents a permanent exit from a bridge loan that Greystone provided in 2015 for VestraCare’s acquisition of the skilled nursing facility.

Greystone has provided a $16.5 million HUD-insured permanent loan to refinance Chautauqua Nursing & Rehabilitation Center, a skilled nursing facility in Dunkirk, N.Y. Fred Levine, managing director in Greystone’s Monsey, N.Y., office, arranged the transaction. The long-term FHA financing represents a permanent exit from a bridge loan provided by Greystone in 2015 for VestraCare’s acquisition of the property. The HUD-insured loan carries a 33-year term and amortization at a low, fixed rate…

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NY MOB Lands $17M Loan

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