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Brooklyn Nursing Facility Lands $78M HUD Loan

Greystone, which provided the HUD-insured $78,399,600 permanent loan, says the transaction is one of the largest ever HUD loan for a skilled nursing facility.

By John Jordan | johnjordan | Updated on July 24, 2017

The Boro Park Center for Nursing & Rehabilitation in Brooklyn The Boro Park Center for Nursing & Rehabilitation in Brooklyn

NEW YORK CITY—The ownership of the Boro Park Center for Nursing & Rehabilitation in Brooklyn has secured approximately $78.4 million in refinancing funding from the U.S. Department of Housing and Urban Development.

Greystone, which provided the HUD-insured $78,399,600 permanent loan, says the transaction is one of the largest ever HUD loan for a skilled nursing facility. The deal caps more than $200 million in total financing provided by Greystone for Bronx-headquartered Centers Health Care. Fred Levine, managing director in Greystone’s Monsey, NY office, originated the transaction.

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