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| The Hamptons Center for Rehabilitation and Nursing in Southampton, New York. |
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| Ben Philipson (Photo by Howard Schnapp) |
New
York, NY – Jan. 29, 2014 – Greystone, a leading national provider of
multifamily and healthcare mortgage loans, today announced it has closed a
$54.5 million bridge loan for acquisition of The Hamptons Center for
Rehabilitation and Nursing in Southampton, New York.
Fred
Levine,
originator in Greystone’s Monsey, New York office, worked to close the loan.
The
interest-only bridge loan, closed by Greystone in 90 days, is the latest of
multiple loans that Greystone has secured on behalf of SentosaCare over the
past decade.
The
Hamptons Center for Rehabilitation and Nursing is a 280-bed skilled nursing
facility that currently has a 96.8% occupancy rate. The healthcare center
provides a full range of services for its residents including rehabilitation,
medical, housekeeping, lab work and physical therapy.
“We’re
an organization that places high importance on relationships, and after 10
years of working together, we believe Greystone shares the same values,” said
Ben Philipson, principal of SentosaCare.
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| Arthur Hatzopoulos |
“As a trusted partner, Greystone is
well-versed in navigating the challenges of securing financing for skilled
nursing facilities and senior housing, especially in regions where property
values are quite high,” Mr. Philipson added.
“We have a great team at Greystone. They are
talented, hard-working, and committed to meeting our customers’ interim and
permanent financing needs and really exceeding their expectations,” said Arthur
Hatzopoulos, Executive Managing Director at Greystone. “As a result, we
find that valued new clients turn into valued long-term clients,” he added.
Greystone
was the number one FHA lender in 2013 and is ranked as a top-10 Fannie Mae
lender.
For a complete copy of the company’s news release, please
contact:
Karen
Marotta
PR
Manager
Greystone
152 W.
57th Street
New
York, NY 10019
212-896-9149
direct
917-902-7073
mobile
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