{"id":2755,"date":"2021-05-08T13:15:39","date_gmt":"2021-05-08T18:15:39","guid":{"rendered":"https:\/\/1reason.com\/re\/greystone-provides-17-2-million-in-hud-insured-financing-for-skilled-nursing-facility-in-tucson-az\/2755\/"},"modified":"2021-05-09T08:15:39","modified_gmt":"2021-05-09T13:15:39","slug":"greystone-provides-17-2-million-in-hud-insured-financing-for-skilled-nursing-facility-in-tucson-az","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/greystone-provides-17-2-million-in-hud-insured-financing-for-skilled-nursing-facility-in-tucson-az\/2755\/","title":{"rendered":"Greystone Provides $17.2 Million in HUD-Insured Financing for Skilled Nursing Facility in Tucson, AZ"},"content":{"rendered":"<div> The financing was originated by Eric Rosenstock, Managing Director in Greystone\u2019s New York office, on behalf of Eli Atkin &amp; Shua Seif of Sapphire Estates Properties LLC.  <\/p>\n<p>The $17,181,200 HUD-insured Section 223(a)(7) financing carries a new 40-year term along with a low, fixed interest rate, creating true cash flow upside, given the debt service savings. Located in Pima County, <strong>Sapphire Estates Rehab Centre<\/strong> consists of comprehensive skilled nursing services, as well as physical, occupational and speech therapy. The property, built in 2016, offers amenities for residents including a fitness center, spacious dining areas, and outdoor recreational activities.<\/p>\n<p>\u201cThis asset is a shining example of the type of facility the skilled nursing sector needs and demands for the modern resident,\u201d said Mr. Rosenstock. \u201cIt\u2019s always a pleasure to be able to help clients get the benefits of HUD-insured financing, and with today\u2019s still-fairly low rates, it\u2019s absolutely a smart move to restructure their capital stacks to a more cost-efficient position.\u201d<\/p>\n<p>\u201cArizona has been greatly impacted by the pandemic, and it\u2019s been our duty to keep residents safe. Since Sapphire Estates is their home, we want to ensure it is continually invested in and upgraded, and this low-rate financing will enable us to do that,\u201d said Mr. Shua Seif, CEO of Sapphire Estates. \u201cEric Rosenstock\u2019s assistance with this HUD financing has been integral to our long-term plan for Sapphire Estates, and we thank him for his continued guidance.\u201d<\/p>\n<p align=\"justify\"><strong>About Greystone<\/strong><br \/>Greystone 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. Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC and\/or other Greystone affiliates. For more information, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=fKZO7-rTFioj3oxpQDDPRCXq5Mo1pNheSBOA5yjqnSlsxsd8esu_xreBuRjAJ4NLG_5WISamP_ItLq3A6cJCnQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\" title=\"www.greystone.com\">www.greystone.com<\/a>.<\/p>\n<p align=\"justify\"><strong>PRESS CONTACT:<\/strong><br \/>Karen Marotta<br \/>Greystone<br \/>212-896-9149<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=G_b8CPebTejGYbDYBuzeMElybmxGFO-S_fDdQuyiZDUwEOKwerfACfNltD7rc_mO6DDLiInh-XxvC3zN6F1fSCk1n1H3XYQbPEt2ePjtD1w=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\" title=\"Karen.Marotta@greyco.com\">Karen.Marotta@greyco.com<\/a><\/p>\n<p><img loading=\"lazy\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" width=\"1\" height=\"1\" class=\"lazyload\" data-src=\"https:\/\/ml.globenewswire.com\/release\/track\/2147f1f5-271c-4438-99ef-3ba164c1f843\"><\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<p align=\"left\">NEW YORK, April 26, 2021 (GLOBE NEWSWIRE) &#8212; Greystone, a leading national commercial real estate finance company, has provided a $17.2 million HUD-insured loan to refinance a 103-unit skilled nursing facility in Tucson, Arizona.<\/p>\n<\/div>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/2755"}],"collection":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/comments?post=2755"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/2755\/revisions"}],"predecessor-version":[{"id":2771,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/2755\/revisions\/2771"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=2755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=2755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=2755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}