Eastchester Realty Associates secures $23.9m for Bronx nursing facility

Eastchester Realty Associates secures $23.9m for Bronx nursing facility

Published at: 2018-12-17 16:00 | Author: CIJ USA
Eastchester Realty Associates secured a $23.9m HUD-insured loan from Greystone to refinance a skilled nursing facility in the Bronx, New York. A portion of the loan proceeds will go toward completing renovations at the facility. The non-recourse, permanent FHA financing carries a low, fixed-interest rate with a 30-year amortization. Built in 1967, the 200-bed facility features temporary respite services to long-term skilled nursing care and features a respiratory unit, memory care and short-term rehabilitation.

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