Greystone Bridges $41.5 Million Health Care Facility Loans

Greystone closed $41.5 million financing for A skilled nursing facility in Queens, NY. Includes a quote from the owner of the facility and additional info on the loan and property.

Greystone Servicing Corporation, Inc. closed a $41.5 million bridge loan for Regal Heights Rehabilitation and Health Care Center, a 280 bed skilled nursing facility in Jackson Heights, Queens, New York. Proceeds were used to pay off a construction loan. The property is now in lease up and is currently 85% occupied.

Greystone was able to address all of our needs and concerns to get this deal done. They were extremely creative, aggressive and fluid with their financing and were able to close in a timely manner," said William Madden, one of the co-owners of the facility.

Greystone is a direct lender specializing in Health Care and Multi-Family financing. Product lines include; FHA (MAP), Fannie Mae (DUS), Bridge, Mezzanine and Equity.

For Further Information Contact:

   Erik Lindenauer or Bob Barolak
   Greystone & Co.
   (212) 649-9700
   (212) 649-9701 fax