{"id":3482,"date":"2021-07-28T05:04:04","date_gmt":"2021-07-28T10:04:04","guid":{"rendered":"https:\/\/1reason.com\/re\/greystone-provides-36-5-million-in-hud-insured-financing-for-three-skilled-nursing-facilities-in-north-carolina\/3482\/"},"modified":"2021-07-29T00:04:04","modified_gmt":"2021-07-29T05:04:04","slug":"greystone-provides-36-5-million-in-hud-insured-financing-for-three-skilled-nursing-facilities-in-north-carolina","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/greystone-provides-36-5-million-in-hud-insured-financing-for-three-skilled-nursing-facilities-in-north-carolina\/3482\/","title":{"rendered":"Greystone Provides $36.5 Million in HUD-Insured Financing for Three Skilled Nursing Facilities in North Carolina"},"content":{"rendered":"<div> The financing was originated by Fred Levine, Managing Director at Greystone.  <\/p>\n<p>Located in Durham, North Carolina, the <strong>Carver Living Center<\/strong> 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.<\/p>\n<p><strong>Willow Ridge Rehabilitation and Living Center<\/strong> 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.<\/p>\n<p><strong>The Greens at Pinehurst Rehabilitation &amp; Living Center<\/strong> 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.<\/p>\n<p>\u201cWe bridged the acquisition of these facilities with our non-recourse bridge-to-HUD program,\u201d said Mr. Levine.\u201cThese 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.\u201d<\/p>\n<p align=\"justify\"><strong>About Greystone<\/strong><br \/>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 <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=btxq6-XPjM1U39bg1XWsGM9tzQQ-a8SNgN1YUT0E1eRM3oM8_OujyAjXTOykP9t_Q61rLrMaQxtzxR7gNVatbA==\" 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=ZiSr8HCqGjq64LeTnFu4jdKwMmh7FZJk44EkKov67vNeR0k4yVcmGnmrqyoVJAipDTnxNVd5Qj2XZ5kjuH9WaNBEj7mQr3cf38Ci3UfkQN8=\" 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\/3d514103-f68d-4555-999d-57d9c327394a\"><\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<p align=\"left\">NEW YORK, July 12, 2021 (GLOBE NEWSWIRE) &#8212; Greystone, a leading national commercial real estate finance company, has provided $36,464,000 million in HUD-insured financing for three skilled nursing facilities in North Carolina.<\/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\/3482"}],"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=3482"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/3482\/revisions"}],"predecessor-version":[{"id":3497,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/3482\/revisions\/3497"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=3482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=3482"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=3482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}