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Debt & Equity

Greystone nurses along $54M refinancing for Queens medical facilities

Greystone has provided $54,240,000 in HUD-insured mortgage loans to refinance two skilled nursing facilities in Queens, NY.

The separate transactions were originated by Fred Levine, Managing Director in Greystone’s Monsey, NY office.

Brookhaven Rehabilitation and Healthcare Center in Far Rockaway, Queens and Cypress Garden Center for Nursing & Rehabilitation in Flushing, Queens received 30-year self-amortizing FHA loans at low, fixed rates.

Brookhaven Rehab, a 298-bed facility refinanced for $21,920,000, offers short-term and long-term care as well as bariatric weight loss services.

Cypress Garden is a 278-bed facility refinanced for $32,320,000 which offers short-term rehabilitation. The facility also caters to the Mandarin & Chinese population with a specialized Ankang Program, offering culturally-appropriate activities and dietary options.

Both facilities are part of the SentosaCare network.

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