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NEW YORK CITY – Greystone, a commercial real estate lending, investment and advisory firm, has lent a $71.3 million HUD-insured loan to refinance a family-owned skilled nursing facility in Long Island, New York called the Massapequa Center Rehabilitation & Nursing.

The $71.28 million permanent FHA financing enables the borrower to exit an initial bridge loan used for the purchase in November 2017 and to continue with large scale renovations. The new financing has a 30-year term and 30-year amortization along with a low, fixed-rate.

Mariah Brown

Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.

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