More U.S. Investors Join Arbitration Against South Korea Over Coupang Dispute 
Instagram CEO Defends Platform in Youth Mental Health Lawsuit Over Social Media Addiction Claims 
ANZ Shares Hit Record High After Strong Q1 Profit and Cost-Cutting Gains 
Samsung Electronics Sees Sustained AI-Driven Demand for Memory Chips Into Next Year 
Boeing Reports Major Supply Chain Quality Improvements After Spirit AeroSystems Deal 
How Marco Pharma International Preserves German Homeopathic Traditions in America 
Air New Zealand Cabin Crew Strike Set for February 12–13 Amid Failed Talks 
Russia Moves to Fully Block WhatsApp as Kremlin Pushes State-Backed MAX App 
Gates Foundation Denies Financial Ties to Jeffrey Epstein Following DOJ Email Release 
AbbVie Sues HHS Over Medicare Price Controls on Botox Under Inflation Reduction Act 
FTC Questions Apple News Over Alleged Bias Against Conservative Media 
Moderna Stock Drops After FDA Declines Review of mRNA Flu Vaccine 
SMIC Shares Slide Despite Strong AI-Driven Earnings as Margin Pressure Looms 
U.S. Commerce Department Reaches $252 Million Settlement With Applied Materials Over China Exports 
Novocure Stock Surges 30% After FDA Approves Optune Pax for Pancreatic Cancer Treatment 
Petrobras Posts Record Oil Exports as Production Surge Fuels Global Expansion 
NEW YORK, Jan. 03, 2018 -- Greystone, a real estate lending, investment and advisory company, announced it has provided a $23,518,200 HUD-insured permanent loan to refinance The Willows at Ramapo Rehabilitation and Nursing Center, a subacute care and skilled nursing center in Suffern, New York. The transaction was originated by Fred Levine, Managing Director in Greystone’s Monsey, NY office.
The long-term FHA financing carries both a 33-year term and amortization period at a low, fixed rate. The refinancing generated significant proceeds used to renovate the facility and for meaningful debt service savings.
The Willows at Ramapo Rehabilitation and Nursing Center, a CareRite Centers facility, is situated on six landscaped acres. The Rehabilitation Pavilion at The Willows is the largest subacute community in Rockland County, featuring state-of-the-art rehabilitation seven days a week in a unique spa-like setting. The facility also offers orthopedic rehabilitation, cardiopulmonary rehabilitation, wound care, concierge services, and veterans programs.
“Institutions like The Willows at Ramapo improve public health and keep our economy humming,” said Lynne Patton, HUD Regional Administrator for New York and New Jersey. “HUD-insured financing from Greystone will free up resources for patient care and ensure The Willows remains a premier facility for the residents of Rockland County.”
“It’s been a pleasure working with the CareRite Centers organization on this transaction,” said Mr. Levine. “Today’s low interest rate environment, especially for HUD-insured loans, presented this opportunity for the facility to not only raise funds for additional renovations but also realize debt service savings.”
About Greystone
Greystone is a real estate lending, investment and advisory company with an established reputation as a leader in multifamily and healthcare finance, having ranked as a top FHA and Fannie Mae lender in these sectors. Our range of services includes commercial lending across a variety of platforms such as Fannie Mae, Freddie Mac, CMBS, FHA, USDA, bridge and proprietary loan products. Loans are offered through Greystone Servicing Corporation, Inc., Greystone Funding Corporation and/or other Greystone affiliates. For more information, visit www.greyco.com.
PRESS CONTACT:
Karen Marotta
Greystone
212-896-9149
[email protected]
