Greystone has provided a $58.8 million HUD-insured loan to refinance a skilled nursing facility in Southampton, NY, the firm said.
The refinance has a low fixed-interest rate and 35-year term and amortization.
The 280-bed Hamptons Center for Rehabilitation & Nursing sits on nine acres and offers short-term and long-term care, along with two dementia care units.“The HUD 232 program continues to be the most sought-after financing vehicle for skilled nursing home operators,” said Fred Levine, a managing director at Greystone, who originated the transaction. “It’s truly gratifying when borrowers choose us to guide them through the financing process again and again, and our ranking as the number one combined multifamily and healthcare HUD lender speaks for itself.”
