NEW YORK CITY—In a deal arranged by Greystone,the Centers for Specialty Care Group, the owner ofthe Holliswood Center for Rehabilitation andHealthcare in Jamaica, Queens, has refinanced the 314-bedskill nursing facility via a $36.7-million HUD loan.
The transaction arranged by Fred Levine, asenior mortgage banker with New York City-based Greystone, providedpermanent mortgage financing for the Bronx, NY-based Centers forSpecialty Care, which acquired the Holliswood property in May 2013with a bridge loan funded by Greystone.
The HUD loan carries both a 30-year term and amortization at alow rate for the property located in the Holliswood section ofJamaica, Greystone says.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
