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Sentosa Care Secures $27M HUD-Insured Loan for Health Care Building in Schenectady

Greystone Arranges Financing for Pathways Nursing and Rehabilitation Center
January 17, 2018
Sentosa Care, an organization formed to service and assist affiliated nursing facilities, secured a nearly $27.05 million HUD-insured permanent loan to refinance Pathways Nursing and Rehabilitation Center in Schenectady, NY.

Fred Levine, managing director of Greystone, arranged the long-term FHA financing, which carries a 30-year term at a low, fixed rate. Sentosa Care will invest significant capital to upgrade the property’s amenities and will construct a newly planned vent unit.

Pathways Nursing and Rehabilitation Center is a 112-bed facility that provides on-site medical and rehabilitation treatments to optimize recovery for sub-acute, ventilator-dependent and pediatric patients. The 72,500-square-foot, two-story healthcare complex delivered in 1989 on seven acres at 1805 Providence Ave. in Mohawk Valley. It features an on-site salon, private dining space and newly-renovated grand dining area and contains 115 parking spaces.
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