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NEW YORK CITY – Greystone, a commercial real estate lending,investment and advisory firm, has lent a $71.3 million HUD-insuredloan to refinance a family-owned skilled nursing facility in LongIsland, New York called the Massapequa Center Rehabilitation &Nursing.
The $71.28 million permanent FHA financing enables the borrowerto exit an initial bridge loan used for the purchase in November2017 and to continue with large scale renovations. The newfinancing has a 30-year term and 30-year amortization along with alow, fixed-rate.
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