Fred Levine - Loan Originator - Greystone & Co. | LinkedIn Congratulations to Fred Levine on closing a $10.4 million bridge loan on a 120-bed skilled nursing facility in Boonville, NY. Greystone is part of the Finance industry, and located in New York, United States. Scott Levine - Vice President - Greystone | LinkedIn Greystone on Tuesday announced the successful closing of a nearly $72 million bridge loan used in the acquisition and refinance of a seven-building . PRESS CONTACT:Karen MarottaGreystone212-896-9149Karen.Marotta@greyco.com. FRED LEVINE , Originador de prstamos, greystone servicing corporation After a long career at HUD, covering all aspects of financing, Im looking forward to working alongside the experts at Greystone that Ive gotten to know over the last few decades.. Learn more in our Cookie Policy. Relationship Managers & Loan Originators | Greystone Submit. by Steve Monroe | Nov 30, 2018 7:00 am | Financings | 0 comments. . MultifamilyBiz.com is an information, advertising, and content display platform focused on the multifamily housing NEW YORK, Aug. 08, 2022 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, has provided a total of $47 million in HUD-insured loans for five skilled nursing. Similar Profiles. Brooklyn, NY Greystone has provided a $78.399 million HUD-insured permanent loan to refinance Boro Park Center for Nursing & Rehabilitation, a skilled nursing facility. (business & personal). Greystone Provides $46.5 Million . Greystone. All Rights Reserved, Mailing: P.O. Berry, who has crossed paths with Greysone on numerous occasions while at HUD, will slot straight into the companys healthcare and multifamily originations operations, with a focus on skilled nursing facilities, according to a representative for Greystone. Greystone Managing Director Fred Levine originated the loans insured by the U.S. Housing and Urban Development. free lookups / month. After operating the facility since 2013 and significantly improving performance, Centers acquired it in 2016. Cultures of over 75 countries from the Asian continent East, Southeast, and South Asia as well as the Pacific Islands of Melanesia, Micronesia, and Polynesia contribute to the remarkable achievements and helped shape our nations history. Episode 3: Fred Levine, Managing Director, Greystone Healthcare Finance The transaction was originated by Fred Levine of Greystone. , whos spent nearly 20 years at the firm. . With HUDs full cooperation, and that of the buyer/borrower and the seller, both repeat Greystone clients, we were able to efficiently execute the financing and timing on favorable terms., HUDs partnerships with private lenders like Greystone are putting healthcare facilities across New York on firm financial footing for decades to come, said Lynne Patton, HUD Regional Administrator for New York and New Jersey. #housingmarket #mortgagerates, Earlier this year, GreystonesDEIteam and DEI committee leaders came together with our Human Resources and Marketing teams to serve Senior adultcommunities and help decrease social isolation through DOROTs card making volunteerwork. Earlier this year, Levine secured HUD financing for Center Health Care's skilled nursing portfolio in upstate New York . Greystone Provides $10.4 Million Bridge Loan to Refinance Skilled 1 healthcare lender for HUD-insured loans, Greystone has built a reputation for not only certainty of execution, but for creativity and sector expertise in the skilled nursing and assisted living world, Berry said in a statement. Greystone Provides .5 Million in Fannie Mae Green Rewards Financing for All Rights Reserved, Mailing: P.O. This field is for validation purposes and should be left unchanged. The transaction was originated by Fred Levine, Managing Director on behalf of Sunset PropCo LLC and Sunset Operating LLC. Greystone Provides $28.9 Million in HUD-Insured Financing Real Estate Lending Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC and/or other Greystone affiliates. 2023 Irving Levin Associates LLC. Optima Skilled Nursing Facility Portfolio - Greystone Greystones extensive lending platform is here to meet client needs through every phase of a projects lifecycle. Advertisement "We are thrilled to have helped our client complete this transaction to expand their SNF portfolio," Levine . Greystone Provides $50 Million in Bridge Financing for Then in Buffalo, Greystone refinanced the original bridge loan provided by Popular Bank (and arranged by Greystone) for Centers acquisition of a 200-bed skilled nursing facility. You can update your choices at any time in your settings. Greystone Provides $46.5 Million in Fannie Mae Green This Website features information, materials,products, content, images, links,and services provided by Gain access to the best healthcare and long-term care investment intelligence, data, and analysis. The complex includes six buildings comprising 139 skilled nursing beds, of which 39 are for a dedicated for Memory Care residents; 131 licensed personal care beds; and 91 residential living units. Built in 1974, the 475-bed facility in the . this website is subject to our Terms of Use Agreement. No credit card required. All rights reserved. Greystone intends to move the financing to a permanent exit with a HUD-insured loan as soon as possible. Congratulations, Tristan! With Interstate 95 in close proximity, the property offers easy access to some of the areas top employers, medical facilities, downtown West Palm Beach shopping, golf courses and beaches, as well as Palm Beach International Airport. Constructed by the borrower in 2000, Hampton Court Apartments consists of 19 garden-style apartment buildings offering two- and three-bedroom units with updated appliances, washer/dryer hook ups, and private outdoor living spaces. #wherepeoplematter #AAPI #BuildingBelonging #AAPIHeritageMonth, Congratulations to Greystone's Josh Butler for being awarded Stephen Rosenberg Founder's #Award for Integrity in 2022. New York, New York, NY, United States, US, View Box 1117, New Canaan, CT 06840. Greystone Monticello LLC, a bridge lending platform intended to serve as a one-stop shop provider of capital finance products and services for the senior housing, healthcare and multifamily. Located in Boonville, 20 miles north of Rome, NY, Sunset Nursing and Rehabilitation Center is growing its occupancy and is the only nursing home in a 15-mile radius. Over the course of Berrys career at HUD, prior to assuming the role of director of production, the, Bailey Edelson Leaves JBG Smith for Buchanan Partners, U.S. Department of Housing and Urban Development. Greystone Provides a Total of $47 Million in HUD-Insured The loans were originated by Fred Levine, managing director at Greystone. Its been the most active HUD multifamily and healthcare agency lender over that time, having doled out nearly $2.6 billion in commitments across 136 loans, per an update from Greystone. The long-term FHA financing for Pathways carries a 30-year term at a low, fixed rate, and enables . NEW YORK, NY - Greystone, a leading national commercial real estate finance company, has provided a $15,800,000 million bridge loan for the acquisition of a skilled nursing, memory care, and personal care campus in Erie, Pennsylvania. Fred Levine - Loan Originator at Greystone & Co. - Wiza His integrity is unparalleled, and his deep healthcare industry experience and insight into HUDs perspective will be invaluable to Greystone and our clients.. Both transactions were originated by Fred Levine, managing director in Greystone's Monsey, NY office, on behalf of longtime client Singh Development Company. NYREJ : The commercial real estate media source. They have since turned around the operations (with 90% occupancy) and turned to Mr. Levine to receive a $28.87 million ($144,000 per bed) HUD loan to refinance the facility. Greystone has been a trusted and reliable partner as we continue to build our portfolio of assets across the long term care continuum, and I am thrilled with the outcome and Greystones ability to execute long-term HUD financing straight away., We are thrilled to have led a record three closings in one day with HUDs New York office. The $75 million in HUD-insured loans carry a low fixed rate, 35-year terms and amortization periods, and were funded via the HUD 232 program for financing of skilled nursing and assisted living facilities. All rights reserved. Its incredibly exciting to have Patrick join our team; Ive known Patrick for almost 20 years, Levine said in a statement. I may be getting old, but the excitement of helping quality operators acquire facilities so they can provide amazing care for their residents never gets old, said Mr. Levine. He sources debt and equity finance solutions for owners ofmultifamily,seniors housingand healthcareproperties,in particularskillednursing and assisted living facilities. The White Plains Center for Nursing and Rehab, located at 220 West Post Road, is a smaller-scale facility with 88 beds, while the Little Neck Nursing Center, located at 260-19 Nassau Blvd, has120 beds. Our expertise in the affordable housing space and our industry-leading HUD platform enables us to find solutions that meet the needs of our clients and, ultimately, the residents of property, said Mr. Levine. We keep coming back to Greystone because they work tirelessly to uncover opportunities and secure the right resources to make this vision a reality.. HUD Veteran Joins Greystone, Focused on - Commercial Observer DOROTs mission to alleviate social isolation and loneliness has become even more important in recent years due to the pandemic. Fred Levine email address & phone number | Greystone & Co. Loan Learn more about our bridge financing solutions here: https://bit.ly/35WSYp0, Congratulations to Greystone, winner of our Excellence in Operations AND Excellence in Duty to Serve awards. First phase of construction wraps on 1.06-million-square-foot industrial building in Columbus, NAI Isaac closes sale of 6.15 acres of land in Kentucky, Partners Real Estate brokers sale of multi-tenant industrial property in Pasadena, JLL sells 87,858-square-foot retail center in Indiana. with Greystone's Fred Levine leading the deal for the lender. NEW YORK, Nov. 08, 2018 (GLOBE NEWSWIRE) -- Greystone, a leading commercial real estate lending, investment, and advisory company, announced it has provided a total of $46,510,000 in Fannie Mae. They have been an incredible partner in this journey, said Mr. Levine. Required fields are marked *. Fred Levine is a Managing Director at Greystone, a commercial real estate lending, investment and advisory company. Fred Levine has been working as a Managing Director at Greystone for 22 years. New York-based multifamily and healthcare lender Greystone provided a $27.5 million HUD loan to Michigan and North Carolina-based multifamily developer Singh Development to refinance a 340-unit apartment community in Canton, Mich., Mortgage Observer has first learned.. Greystone's Fred Levine originated the 35-year, low-rate financing on Wyndchase Apartments, a luxury townhome and apartment . Top Greystone & Co. Employees Hafize Erkan Chief Executive Officer. Fred Levine, Greystone. 5 free lookups per month. Save my name, email, and website in this browser for the next time I comment. We are actively seeking to acquire stabilized skilled nursing, memory care, assisted living and independent living properties, said Eric Mendel, CEO of Avenir Healthcare Group and managing member of the Optima Care portfolio. Find out the professional email of FRED LEVINE , Originador de prstamos, greystone servicing corporation, inc. GetEmail.io : get anyone's email address in seconds . PRESS CONTACT:Karen MarottaGreystone212-896-9149Karen.Marotta@greyco.com. Fred is based out of New York, New York, United States and works in the Leasing Non-residential Real Estate industry. Greystones longstanding commitment to the affordable housing market mirrors our own, and we value the teams expertise and finesse in getting these transactions to a quick close, said Mr. Elliott Stone, principal of Royal Castle Development. Greystone Provides $15.8 Million Bridge Loan for Acquisition of Skilled 2023 Greystone & Co. II LLC. Over the course of Berrys career at HUD, prior to assuming the role of director of production, the Central Michigan University alum had worked as an operations officer, an analyst, a policy specialist, a loan Specialist and an auditor, per information from Greystone. Search. the residents of property," said Mr . Greystone is a national commercial real estate finance company with an . 1 greyco.com; Tanya Eastwood President and CEO. Real Estate Investment Managing Director Fred Levine of Greystone originated the permanent Federal Housing Administration (FHA) financing, which features a 30-year term and 30-year amortization as well as a low, fixed rate. Here are some key takeaways:https://bit.ly/3UTFN01 Long Island Skilled Nursing Asset Snags $71M Refi The Optima Portfolio includes 561 beds in total across the three New York skilled nursing facilities, which have each recently been renovated. Sunset Nursing and Rehabilitation Center is a one-story brick facility built over three phases, in 1964, 1971, and 1985, which was renovated in 2008. New York Skilled Nursing Facility Lands $10M Refi industry. 2023 Greystone & Co. II LLC. The . Read the latest edition of the Commercial Observer online! Congrats, Josh! #affordablehousing #financingsolutions, Greystone welcomes Paul Donahue as a Managing Director! The financing was originated by Fred Levine, Managing Director in Greystone's New York office, on behalf of long-term client Royal Castle Development. This month is an opportunity to recognize the incredible contributions of AAPI communities and identities to our society, culture, and economy. Berrys Greystone tenure will see him stationed in Detroit, Mich. as a senior production manager, working alongside Greystone managing director Fred Levine, whos spent nearly 20 years at the firm. The transaction was originated by Fred Levine, Managing Director on behalf of Sunset PropCo LLC and Sunset Operating LLC. Find an expert by name, location, or specialty, discover the breadth and depth of our expertise, and get in touch to request a quote. Name: Fred Levine Company: Greystone servicing corporation, inc. Job title: Originador de prstamos Country of Residence: United States Precise location . Whether for seniors or children, these skilled nursing facilities will benefit from the stability that comes with low-interest federally-insured loans.. | Source: Greystone on LinkedIn: Congratulations to Fred Levine on closing a $10. Thats good for an almost 15 percent share of the market, which is the most among all HUD-qualified lenders. The purchase of Saint Marys East renamed Nightingale Nursing and Rehab Center, was secured by a short-term two-year floating rate, interest-only loan, which Greystone will work to transition to permanent HUD-insured financing. We are always guided by our core value of caring and encourage employees to take volunteer time off (VTO) to support and care for the communities in which we live and work. New York, NY, US View. The transaction was originated by Fred Levine of Greystone. Acquisitions / management of Find contact details for 700 million professionals. Fred Levine is a Managing Director at Greystone, a commercial real estate lending, investment and advisory company. After a hiatus to take some time off after his time at HUD, hes jumping back into the space in a different setting with Greystone. Fred Levine, managing director at Greystone, originated the transaction. For more information, visit www.greystone.com. The property has a LIHTC land use restriction agreement (LURA) that requires limits on tenant income and rent restrictions for all units. Mortgage servicing #multifamilyfinancing #fanniemae #greenbuilding, Congratulations to Greystone's Tristan Golas for being awarded Stephen Rosenberg Founder's #Award for Caring in 2022. tenure will see him stationed in Detroit, Mich. as a senior production manager, working alongside Greystone managing director. This button displays the currently selected search type. Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC and/or other Greystone affiliates. are not a party to, and are not liable for, any transactions with any party featured on this website. Greystone Originates $37M for Skilled Nursing Facilities When expanded it provides a list of search options that will switch the search inputs to match the current selection. Our areas of expertise include: Commercial lending across a variety of platforms such as Fannie Mae, Freddie Mac, CMBS, mezzanine, bridge, and proprietary loan products The latest multifamily industry news delivered to your inbox. Berry, who has crossed paths with Greysone on numerous occasions while at HUD, will slot straight into the companys healthcare and multifamily originations operations, with a focus on skilled nursing facilities, according to a representative for Greystone. The $10,370,000 non-recourse bridge loan enables the owner to refinance existing recourse senior debt and continue to stabilize the SNF asset until it is ready for permanent financing with low, fixed-rate financing through FHAs 232(f) program. Greystone Jul 2021 - Present1 year 10 months Co-Founder Cottonwood Funding Jan 2017 - Present6 years 4 months Monsey, New York Perform due diligence on investment opportunities in early stage. Fred Levine's Post Fred Levine reposted this Fred Levine Managing Director/ Loan Originator 3y Report this post Report Report. No credit card required. Years earlier, Centers had stepped in as the county-owned facilitys receiver, before purchasing it in December 2015 for nearly $9 million, including $3.8 million in liabilities. Find contact details for 700 million professionals. Located on opposite sides of the state, these facilities were each acquired a few years ago from not-for-profit owners. Built in 1974, the 475-bed facility in the Bronx was formerly owned by the Daughters of Jacob Nursing Home Company. Your email address will not be published. Fred Levine, Greystone. Located on opposite sides of the state, these facilities were each acquired a few years ago from not-for-profit owners. Berry, 60, retired and departed HUD early in 2019 as director of production for Federal Housing Administration Section 232 loans, a program that shields lenders from mortgage defaults and is geared to insure loans that facilitate the construction or rehabilitation of skilled nursing, intermediate care and assisted living facilities, among a couple other classifications; theres also the corresponding Section 232/223(f), which is available for purchases or refinancings of these asset types. For more information, visit www.greystone.com, Harbert South Bay Partners Starts Construction on Luxury Assisted Living and Memory Care Senior Living Community in San Clemente, Mill Creek Breaks Ground on Its Second Arizona Community with 360-Unit Modera Reserve in Kierland Neighborhood of North Scottsdale, Aventon Companies Breaks Ground on 336-Unit Aventon Mikasa Luxury Apartment Community in Clements Ferry Corridor of Charleston, Greystar Launches New Renting Experience with 378-Unit Ltd. Med Center Apartment Community in Texas Medical Center District, The latest multifamily industry news document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Gain access to the best healthcare and long-term care investment intelligence, data, and analysis. For more information, visit www.greystone.com. Read more about this award here: https://spr.ly/6049OTCn7, Congratulations to Greystone's Jon Morales for being ranked by HousingWire as a 2023 rising star. Fred is one of the top health care originators in the country. Greystone Fred Levine - Managing Director - Greystone | ZoomInfo Zondas economists recently shared an update on the housing market. million verified professionals across 35 million companies. Fred joined Greystone in 2001 and specializes in originating FHA-insured loans, Fannie Mae, Freddie Mac, CMBS and bridge financing, and a range of other solutions for the acquisition and refinancing of commercial real estate and healthcare facilities. Sign up for a free account. October 04, 2021 12:33 ET Learn more: https://bit.ly/41OQUcG Real estate development We see a lot of potential in the former St. Marys East campus, partially due to the large number of private resident rooms, said Dov Braun, Key Principal of the borrowers.
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