Located in Durham, North Carolina, the Carver Living Center is a 232-bed skilled nursing facility that includes 48 private rooms and 92 semiprivate rooms. The facility offers long-term care, short-term rehabilitation, and a secured memory care unit. This facility received $17.16 million in HUD-insured financing that carries a 30-year term with a fixed, low interest rate.
Willow Ridge Rehabilitation and Living Center received $11.4 million in HUD-insured financing which carries a 30-year term with low interest rates. Located in Rutherfordton, North Carolina, the facility features 136 skilled nursing beds with 20 private rooms and 58 semiprivate rooms. The facility offers long-term care, short-term rehabilitation, and a secured memory care unit.
The Greens at Pinehurst Rehabilitation & Living Center was refinanced with $7,896,000 in HUD-insured financing with a 30-year term. The skilled nursing facility is licensed for 120 beds in 68 units and is located in Pinehurst, NC.
“We bridged the acquisition of these facilities with our non-recourse bridge-to-HUD program,” said Mr. Levine.“These facilities join a long list of successful HUD financings executed by our team at Greystone over the past 20 years. Securingpermanentfinancingwith an FHA loanenables an owner toensure long-term, low-rate financing for decades.”
About Greystone
Greystone is a private 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. Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC and/or other Greystone affiliates. For more information, visit www.greystone.com.
PRESS CONTACT:
Karen Marotta
Greystone
212-896-9149
Karen.Marotta@greyco.com
