No credit card required. HousingWires Rising Stars program recognizes industry professionals who have become leaders in their respective fields. Fred Levine is a Managing Director at Greystone, a commercial real estate lending, investment and advisory company. Greystone has provided a $10.4 million bridge loan to refinance a 120-bed skilled nursing facility in Boonville, New York. #risingstar #housing #leader, Join Greystone and Greystones Asian Pacific Islanders Employee Resource Group as we honor and celebrate Asian American Pacific Islanders (AAPI) throughout May and beyond. . Residents have access to the gated communitys clubhouse and business center, swimming pool and fitness center, tennis court, picnic and playground area, laundry facility and on-site parking. third parties, and we are not responsible for such. Cultures of over 75 countries from the Asian continent East, Southeast, and South Asia as well as the Pacific Islands of Melanesia, Micronesia, and Polynesia contribute to the remarkable achievements and helped shape our nations history. Not the Fred Levine you were looking for? That's good for an almost 15 percent share of the market, which is the most among all HUD-qualified lenders. Raleigh, North Carolina, United States . delivered to your inbox. The White Plains Center for Nursing and Rehab, located at 220 West Post Road, is a smaller-scale facility with 88 beds, while the Little Neck Nursing Center, located at 260-19 Nassau Blvd, has120 beds. #Greystone #WherePeopleMatter #FoundersAwards, The main question is the following: is housing back for good, and what does that mean for multifamily demand going forward? Greystone. The latest multifamily industry news delivered to your inbox. Fred Levine, Greystone. Berry, who has crossed paths with Greysone on numerous occasions while at HUD, will slot straight into the companys healthcare and multifamily originations operations, with a focus on skilled nursing facilities, according to a representative for Greystone. Name: Fred Levine Company: Greystone servicing corporation, inc. Job title: Originador de prstamos Country of Residence: United States Precise location . Acquisitions / management of Find contact details for 700 million professionals. Greystone Provides $28.9 Million in HUD-Insured Financing The financing was originated by Fred Levine, Managing Director at Greystone. The transaction was originated by Fred Levine, managing director in Greystone's Monsey office. #housingmarket #mortgagerates, Earlier this year, GreystonesDEIteam and DEI committee leaders came together with our Human Resources and Marketing teams to serve Senior adultcommunities and help decrease social isolation through DOROTs card making volunteerwork. Its incredibly exciting to have Patrick join our team; Ive known Patrick for almost 20 years, Levine said in a statement. The transaction was originated by Fred Levine of Greystone. Your email address will not be published. Submit. About GreystoneGreystone is a national commercial real estate finance company with an established reputation as a leader in multifamily and healthcare finance, having ranked as a top FHA, Fannie Mae, and Freddie Mac lender in these sectors. Theres a value-add case study for you. The . The transaction was originated by Fred Levine of Greystone. For more information, visit www.greystone.com. The $75 million in HUD-insured loans carry a low fixed rate, 35-year terms and amortization periods, and were funded via the HUD 232 program for financing of skilled nursing and assisted living facilities. After operating the facility since 2013 and significantly improving performance, Centers acquired it in 2016. With Interstate 95 in close proximity, the property offers easy access to some of the areas top employers, medical facilities, downtown West Palm Beach shopping, golf courses and beaches, as well as Palm Beach International Airport. NEW YORK, Aug. 08, 2022 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, has provided a total of $47 million in HUD-insured loans for five skilled nursing. The $28,992,00 HUD-insured Section 223(f) financing carries a 35-year term and 35-year amortization, along with a low, fixed interest rate. Greystone Provides $10.4 Million Bridge Loan to Refinance Skilled The facility features 54 semi-private units and 12 private units with a total of 120 beds. industry. View Fred Levine's email address (f*****@greyc***.com) and phone number. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Gain access to the best healthcare and long-term care investment intelligence, data, and analysis. New York-based multifamily and healthcare lender Greystone provided a $27.5 million HUD loan to Michigan and North Carolina-based multifamily developer Singh Development to refinance a 340-unit apartment community in Canton, Mich., Mortgage Observer has first learned.. Greystone's Fred Levine originated the 35-year, low-rate financing on Wyndchase Apartments, a luxury townhome and apartment . Your email address will not be published. Greystone intends to move the financing to a permanent exit with a HUD-insured loan as soon as possible. Sunset Nursing and Rehabilitation Center is a one-story brick facility built over three phases, in 1964, 1971, and 1985, which was renovated in 2008. 1 greyco.com; Tanya Eastwood President and CEO. Advertisement "We are thrilled to have helped our client complete this transaction to expand their SNF portfolio," Levine . Subscribe to our email list to read all news first. The property has a LIHTC land use restriction agreement (LURA) that requires limits on tenant income and rent restrictions for all units. The financing was originated by Fred Levine, Managing Director in Greystone's New York office, on behalf of long-term client Royal Castle Development. Greystone Managing Director Fred Levine originated the loans insured by the U.S. Housing and Urban Development. Berry, 60, retired and departed HUD early in 2019 as director of production for. For more information, visit www.greystone.com, Harbert South Bay Partners Starts Construction on Luxury Assisted Living and Memory Care Senior Living Community in San Clemente, Mill Creek Breaks Ground on Its Second Arizona Community with 360-Unit Modera Reserve in Kierland Neighborhood of North Scottsdale, Aventon Companies Breaks Ground on 336-Unit Aventon Mikasa Luxury Apartment Community in Clements Ferry Corridor of Charleston, Greystar Launches New Renting Experience with 378-Unit Ltd. Med Center Apartment Community in Texas Medical Center District, The latest multifamily industry news Located on opposite sides of the state, these facilities were each acquired a few years ago from not-for-profit owners. Greystone Provides $50 Million in Bridge Financing for All rights reserved. Greystone Provides a Total of $47 Million in HUD-Insured Search over 700 NEW YORK, NY - Greystone, a leading national commercial real estate finance company, has provided a $15,800,000 million bridge loan for the acquisition of a skilled nursing, memory care, and personal care campus in Erie, Pennsylvania. Working on behalf of skilled nursing operator Centers Health Care, Fred Levine of Greystone arranged over $100 million in HUD financing to refinance a couple of their New York SNFs. 5 free lookups per month. NEW YORK, Oct. 04, 2021 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, has provided a $50,100,000 bridge loan for the acquisition of a six-property. DOROTs mission to alleviate social isolation and loneliness has become even more important in recent years due to the pandemic. Managing Director Fred Levine of Greystone originated the permanent Federal Housing Administration (FHA) financing, which features a 30-year term and 30-year amortization as well as a low, fixed rate. February 08, 2021 11:43 ET Here are some key takeaways:https://bit.ly/3UTFN01 No credit card required. Congrats, Josh! Located at 7 NY-25A in Smithtown, New York, Brookside Multicare houses 353 beds, and includes a pediatric unit and ventilator dependent beds. Save my name, email, and website in this browser for the next time I comment. The loans were originated by Fred Levine , managing director at Greystone. Fred joined Greystone in 2001 and specializes in originating FHA-insured loans, Fannie Mae, Freddie Mac, CMBS and bridge financing, and a range of other solutions for the acquisition and refinancing of commercial real estate and healthcare facilities. with Greystone's Fred Levine leading the deal for the lender. FRED LEVINE , Originador de prstamos, greystone servicing corporation Greystones longstanding commitment to the affordable housing market mirrors our own, and we value the teams expertise and finesse in getting these transactions to a quick close, said Mr. Elliott Stone, principal of Royal Castle Development. #affordablehousing #financingsolutions, Greystone welcomes Paul Donahue as a Managing Director! Congratulations to Fred Levine on closing a $10.4 million bridge loan on a 120-bed skilled nursing facility in Boonville, NY. This button displays the currently selected search type. Then in Buffalo, Greystone refinanced the original bridge loan provided by Popular Bank (and arranged by Greystone) for Centers acquisition of a 200-bed skilled nursing facility. Greystone Provides $46.5 Million in Fannie Mae Green Fred Levine - Managing Director - Greystone | ZoomInfo The transaction was originated by Fred Levine, Managing Director on behalf of Sunset PropCo LLC and Sunset Operating LLC. . Fred is based out of New York, New York, United States and works in the Leasing Non-residential Real Estate industry. , whos spent nearly 20 years at the firm. NEW YORK, May 21, 2019 (GLOBE NEWSWIRE) -- Greystone, a leading commercial real estate lending, investment, and advisory company, announced it has provided $71,920,000 in financing for the. Commercial lending across a variety of platforms such as Fannie Mae, Freddie Mac, CMBS, mezzanine, bridge, and proprietary loan products The portfolio, totaling 719 beds, is secured by a floating-rate, interest-only loan funded through Greystones non-recourse bridge loan program. Greystone Provides $24.9 Million in HUD-Insured Financing for Skilled PRESS CONTACT:Karen MarottaGreystone212-896-9149Karen.Marotta@greyco.com. He sources debt and equity finance solutions for owners of multifamily, seniors housing and healthcare properties, in particular skilled nursing and assisted living facilities. Built in 1974, the 475-bed facility in the . It takes a very deep understanding of the skilled nursing industry to continue to lend in the era of the pandemic, said Mr. Levine. Greystone has been a trusted and reliable partner as we continue to build our portfolio of assets across the long term care continuum, and I am thrilled with the outcome and Greystones ability to execute long-term HUD financing straight away., We are thrilled to have led a record three closings in one day with HUDs New York office. Episode 3: Fred Levine, Managing Director, Greystone Healthcare Finance Relationship Managers & Loan Originators | Greystone May 27, 2021 Fred Levine Greystone has provided $34.946 million in HUD-insured loans to refinance a portfolio of five skilled nursing facilities across southeastern Wisconsin comprising 558 beds.. #multifamilyfinancing #fanniemae #greenbuilding, Congratulations to Greystone's Tristan Golas for being awarded Stephen Rosenberg Founder's #Award for Caring in 2022. Greystone volunteers enjoyed creating birthday, caring and holiday cards to bring smiles and cheer to older adults throughout the year. Required fields are marked *. Greystone Provides .5 Million in Fannie Mae Green Rewards Financing for This diversity of backgrounds, languages, and traditions is rich, vibrant, and expansive. this website is subject to our Terms of Use Agreement. We see a lot of potential in the former St. Marys East campus, partially due to the large number of private resident rooms, said Dov Braun, Key Principal of the borrowers. Greystone Provides $72 Million in Bridge Financing for Mr. Donahue brings over 35 years of real estate capital markets expertise to Greystones lending platform, and is based in Boston, MA: bit.ly/3oB8TVS Welcome, Paul! Read more about this award here: https://spr.ly/6049OTCn7, Congratulations to Greystone's Jon Morales for being ranked by HousingWire as a 2023 rising star. Constructed by the borrower in 2000, Hampton Court Apartments consists of 19 garden-style apartment buildings offering two- and three-bedroom units with updated appliances, washer/dryer hook ups, and private outdoor living spaces. Check out this great listen on Audible.com. #Greystone #WherePeopleMatter #FoundersAwards.