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Two Nursing Facilities in Queens Secure Financing

Greystone Provides $54 Million HUD-Insured Financing
October 24, 2017
Brookhaven Rehabilitation and Healthcare Center and Cypress Garden Center for Nursing & Rehabilitation secured $54 million in HUD-Insured financing.

Both centers received 30 year self-amortizing FHA loans from Greystone. The transactions were originated by Fred Levine, managing director with Greystone.

Brookhaven Rehab was refinanced for $21.92 million and is a 298-bed facility. It is located at 250 Beach 17th St. in Far Rockaway, NY. Cypress Garden was refinanced for $32.32 million and is a 278-bed facility. It is located at 139-66 35th Ave. in Flushing, NY.
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