UES Rehab & Nursing Ctr.

NEW YORK CITY—The Upper East SideRehabilitation and Nursing Center received $127 million infinancing from KeyBank Real Estate Capital. The transaction is thelargest single-asset financing ever insured by the US Department ofHousing and Urban Development as part of the Federal HousingAdministration 232 program.

The loan program helps to financenursing homes, assisted living facilities, and board and carefacilities. The FHA mortgage insurance provides the lender withprotection against losses in the event of borrowers defaulting ontheir mortgage loans.

The Upper East Side Rehabilitation andNursing Center is a 499-bed skilled nursing facility, located at211 E. 79th St.

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Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.