delivered to your inbox. 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. 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. Fred Levine's Post Fred Levine reposted this Fred Levine Managing Director/ Loan Originator 3y Report this post Report Report. February 08, 2021 11:43 ET Whether for seniors or children, these skilled nursing facilities will benefit from the stability that comes with low-interest federally-insured loans.. Fred Levineis a Managing Director at Greystone, a commercial real estate lending, investment and advisory company. Those who are helping move markets forward, each and every day. 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 provided a $50.1 million bridge loan for the acquisition of a six-property skilled-nursing portfolio in Ohio. Raleigh, North Carolina, United States . When expanded it provides a list of search options that will switch the search inputs to match the current selection. Read more in Urban Land magazine: https://bit.ly/3nbBwZ9 Greystone Over the first nine months of HUDs fiscal year starting in Oct. 2019 Greystone has been ahead of the pack. Required fields are marked *. Your use of 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. The transaction was originated by Fred Levine of Greystone. this website is subject to our Terms of Use Agreement. Greystone has provided a $10.4 million bridge loan to refinance a 120-bed skilled nursing facility in Boonville, New York. The transaction was originated by Fred Levine, managing director in Greystone's Monsey office. City University of New York-Brooklyn College, {{ userNotificationState.getAlertCount('bell') }}. 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. 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. 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. with Greystone's Fred Levine leading the deal for the lender. Check out this great listen on Audible.com. Similar Profiles. The financing was originated by Fred Levine, Managing Director in Greystone's New York office, on behalf of long-term client Royal Castle Development. You can update your choices at any time in your settings. Search over 700 His integrity is unparalleled, and his deep healthcare industry experience and insight into HUDs perspective will be invaluable to Greystone and our clients.. The financing was originated by Fred Levine, Managing Director in Greystones New York office, on behalf of long-term client Royal Castle Development. The $28,992,00 HUD-insured Section 223(f) financing carries a 35-year term and 35-year amortization, along with a low, fixed interest rate. #wherepeoplematter #AAPI #BuildingBelonging #AAPIHeritageMonth, Congratulations to Greystone's Josh Butler for being awarded Stephen Rosenberg Founder's #Award for Integrity in 2022. Fred Levine has been working as a Managing Director at Greystone for 22 years. Sign up for a free account. Subscribe to our email list to read all news first. View Fred Levine's email address (f*****@greyc***.com) and phone number. 5 free lookups per month. 2023 Greystone & Co. II LLC. Fred Levine, Greystone. The transaction was originated by Fred Levine, Managing Director on behalf of Sunset PropCo LLC and Sunset Operating LLC. Working on behalf of skilled nursing operator Centers Health Care, Fred Levine of Greystone arranged over $100 million in HUD financing to refinance a couple of their New York SNFs. 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. . July 28, 2021 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. Mr. Donahue brings over 35 years of real estate capital markets expertise to Greystones lending platform, and is based in Boston, MA: bit.ly/3oB8TVS Welcome, Paul! All Rights Reserved, Mailing: P.O. #affordablehousing #financingsolutions, Greystone welcomes Paul Donahue as a Managing Director! Carver Living Center, located at 303 E. Carver St. in Durham, is the largest . The transaction marks one of the largest-ever HUD loans for a skilled nursing facility, and caps over $200 . Congratulations, Tristan! The loans were originated by Fred Levine , managing director at Greystone. Greystone Location 152 W 57th St Fl 60, New York City, New York, 10019, United States Description Industry Investment Banking Finance Discover more about Greystone Advertisement "We are thrilled to have helped our client complete this transaction to expand their SNF portfolio," Levine . Search. 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. , whos spent nearly 20 years at the firm. Save my name, email, and website in this browser for the next time I comment. Others Named Fred Levine. 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. Greystone intends to move the financing to a permanent exit with a HUD-insured loan as soon as possible. Box 1117, New Canaan, CT 06840. Built in 1974, the 475-bed facility in the . PRESS CONTACT:Karen MarottaGreystone212-896-9149Karen.Marotta@greyco.com. We want our residents to enjoy a quality home in a safe community. 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. 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. 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. The transaction was originated by Fred Levine, managing director in Greystone's Monsey office. 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. 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. NEW YORK, May 21, 2019 (GLOBE NEWSWIRE) -- Greystone, a leading commercial real estate lending, investment, and advisory company, announced it has provided $71,920,000 in financing for the. 1 greyco.com; Tanya Eastwood President and CEO. Both transactions were originated by Fred Levine, managing director in Greystone's Monsey, NY office, on behalf of longtime client Singh Development Company. Gain access to the best healthcare and long-term care investment intelligence, data, and analysis. 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. The loans were originated by Fred Levine, managing director at Greystone. 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. Greystone has provided a $10.4 million bridge loan to refinance a 120-bed skilled nursing facility in Boonville, New York. 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. 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. 2023 Irving Levin Associates LLC. He sources debt and equity finance solutions for owners ofmultifamily,seniors housingand healthcareproperties,in particularskillednursing and assisted living facilities. Learn more in our Cookie Policy. 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. NEW YORK, Oct. 04, 2021 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, has provided a $50,100,000 bridge loan for the acquisition of a six-property. Greystone is part of the Finance industry, and located in New York, United States. This field is for validation purposes and should be left unchanged. 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 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. 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. Earlier this year, Levine secured HUD financing for Center Health Care's skilled nursing portfolio in upstate New York . Greystone provided $75 million in FHA loans for the acquisition of the Optima Portfolio of skilled nursing facilities including Brookside Multicare in Smithtown, New York; White Plains Center for Nursing and Rehab in White Plains, New York; and Little Neck Nursing Center in Queens, New York. Greystone intends to move the financing to a permanent exit with a HUD-insured loan as soon as possible. Greystone volunteers enjoyed creating birthday, caring and holiday cards to bring smiles and cheer to older adults throughout the year. #multifamilyfinancing #fanniemae #greenbuilding, Congratulations to Greystone's Tristan Golas for being awarded Stephen Rosenberg Founder's #Award for Caring in 2022. Patrick Berry, a 35-year veteran of the U.S. Department of Housing and Urban Development (HUD), has joined one of the countrys largest and most prominent agency lending and servicing operations as a senior member within its healthcare lending group, Commercial Observer has learned. Select Accept to consent or Reject to decline non-essential cookies for this use. New York, New York, NY, United States, US, View The transaction was originated by Fred Levine, Managing Director on behalf of Sunset PropCo LLC and Sunset Operating LLC. The portfolio, totaling 719 beds, is secured by a floating rate, interest-only loan funded through our uniquely non-recourse bridge loan program. Its incredibly exciting to have Patrick join our team; Ive known Patrick for almost 20 years, Levine said in a statement. #risingstar #housing #leader, Join Greystone and Greystones Asian Pacific Islanders Employee Resource Group as we honor and celebrate Asian American Pacific Islanders (AAPI) throughout May and beyond. Niskayuna, NY Greystone has provided a $27.048 million HUD-insured permanent loan to refinance Pathways Nursing and Rehabilitation Center, a 112-bed skilled nursing facility. Greystone is a real estate lending, investment and advisory company headquartered in New York City. The transaction was originated by Fred Levine of Greystone. Fred Levine, Greystone. In this conversation, Mordecai interviews Fred about his relentless pursuit for a sales position at American Express, how he applied unsuccessfully six years in a row for a sales role, and th. Fred is one of the top health care originators in the country. Greystone Managing Director Fred Levine originated the loans insured by the U.S. Housing and Urban Development. Name: Fred Levine Company: Greystone servicing corporation, inc. Job title: Originador de prstamos Country of Residence: United States Precise location . PRESS CONTACT:Karen MarottaGreystone212-896-9149Karen.Marotta@greyco.com. The property has a LIHTC land use restriction agreement (LURA) that requires limits on tenant income and rent restrictions for all units. The transaction was originated by Fred Levine, Managing Director on behalf of Sunset PropCo LLC and Sunset Operating LLC. No credit card required. We do not own or manage any properties featured on this website, The financing was originated by Fred Levine, Managing Director at Greystone. NEW YORK, Oct. 04, 2021 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, has provided a $50,100,000 bridge loan for the acquisition of a six-property skilled nursing portfolio in Ohio. LinkedIn and 3rd parties use essential and non-essential cookies to provide, secure, analyze and improve our Services, and (except on the iOS app) to show you relevant ads (including professional and job ads) on and off LinkedIn. This Website features information, materials,products, content, images, links,and services provided by About GreystoneGreystone is a national commercial real estate finance company with an established reputation as a leader in multifamily and healthcare finance, having ranked as a top FHA, Fannie Mae, and Freddie Mac lender in these sectors. 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. Zondas economists recently shared an update on the housing market. 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. Your email address will not be published. by Steve Monroe | Nov 30, 2018 7:00 am | Financings | 0 comments. Residents have access to the gated communitys clubhouse and business center, swimming pool and fitness center, tennis court, picnic and playground area, laundry facility and on-site parking. 2023 - MULTIFAMILYBIZ.COM - ALL RIGHTS RESERVED, PropTech Innovator 365 Connect Celebrates Twenty-Years of Delivering Leading Edge Solutions to The Multifamily Housing Industry. (HUD), has joined one of the countrys largest and most prominent agency lending and servicing operations as a senior member within its healthcare lending group, Commercial Observer has learned. 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. Real Estate Investment #wherepeoplematter #greystone, Greystone's Lorie Hanson recently closed $23.8M in Fannie Mae DUS Green Rewards financing for a 160-unit multifamily property in Nampa, Idaho. million verified professionals across 35 million companies. 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. Greystone Provides $46.5 Million . #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. 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. This diversity of backgrounds, languages, and traditions is rich, vibrant, and expansive. The portfolio, totaling 719 beds, is secured by a floating-rate, interest-only loan funded through Greystones non-recourse bridge loan program. The Optima Portfolio includes 561 beds in total across the three New York skilled nursing facilities, which have each recently been renovated. Greystones bridge lending group is stepping up its efforts to provide financing solutions to our borrowers so they can continue to focus on resident care.. Your email address will not be published. tenure will see him stationed in Detroit, Mich. as a senior production manager, working alongside Greystone managing director. He sources debt and equity finance solutions for owners of multifamily,. Located on opposite sides of the state, these facilities were each acquired a few years ago from not-for-profit owners. Located on opposite sides of the state, these facilities were each acquired a few years ago from not-for-profit owners. 2023 Greystone & Co. II LLC. #Greystone #WherePeopleMatter #FoundersAwards. No credit card required. He sources debt and equity finance solutions for owners of multifamily, seniors housing and healthcare properties, in particular skilled nursing and assisted living facilities. 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. All rights reserved. are not a party to, and are not liable for, any transactions with any party featured on this website. Not the Fred Levine you were looking for? . Fred is based out of New York, New York, United States and works in the Leasing Non-residential Real Estate industry. (business & personal). About GreystoneGreystone is a private national commercial real estate finance company with an established reputation as a leader in multifamily and healthcare finance, having ranked as a top FHA, Fannie Mae, and Freddie Mac lender in these sectors. Join us in taking the time to educate yourself and approach the AAPIumbrella with openness and curiosity to learn more about identities, history, and culture. Working on behalf of skilled nursing operator Centers Health Care, Fred Levine of Greystone arranged over $100 million in HUD financing to refinance a couple of their New York SNFs. Here are some key takeaways:https://bit.ly/3UTFN01 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. Greystone on Tuesday announced the successful closing of a nearly $72 million bridge loan used in the acquisition and refinance of a seven-building . Theres a value-add case study for you. For more information, visit www.greystone.com. Find out the professional email of FRED LEVINE , Originador de prstamos, greystone servicing corporation, inc. GetEmail.io : get anyone's email address in seconds . Find an expert by name, location, or specialty, discover the breadth and depth of our expertise, and get in touch to request a quote. Freds origination volume exceeds $1B annually. As the No. Tristan is the type of person who goes out of his way to help others, often putting the needs of others before his own. | Source: Implementing our operational plans and enhanced resident care programs to continue and build on Saint Marys reputation of exceptional resident care is our priority., About Greystone:Greystone is a private national commercial real estate finance company with an established reputation as a leader in multifamily and healthcare finance, having ranked as a top FHA, Fannie Mae, and Freddie Mac lender in these sectors. Greystones extensive lending platform is here to meet client needs through every phase of a projects lifecycle. Congratulations to Fred Levine on closing a $10.4 million bridge loan on a 120-bed skilled nursing facility in Boonville, NY. Mortgage servicing 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.
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