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.

Similar Stories:

Chris Chou joins McCall & Almy as VP
Boston-based commercial real estate advisory firm McCall & Almy has hired Chris Chou a  »
David Campbell joins Hunneman’s Boston brokerage unit
David Campbell was named executive vice president and principal of Hunneman’s Boston bro  »
Caputo hired by Middleburg as Asset Management VP
A.J. Caputo has joined the property company Middleburg as Vice President of Asset Manageme  »
Assisted living, memory care facility to break ground in Clearwater
Small Brothers and Autumn Senior Living are set to start work on an assisted living and me  »
These days, the big-name chain retailers such as Wal-Mart or Lowes seem to be opening new   »
The second phase, a $186m investment, will extend the line 17.2 miles from the southernmos   »
the impact is enormous. According to an America’s Market Intelligence report, 1.3 millio   »
“Hot right now are NNN assets and retail-focused locations that allow healthcare provide   »