Glengariff Healthcare Center
Lending - $17.8M
Greystone arranged $17,859,800 in financing for the Glengariff Healthcare Center, a 262-bed skilled nursing facility located in Glen Cove, New York. Fred Levine in Greystone’s Monsey, New York office originated the loan.
The property was originally constructed in 1923 as a private mansion – one of many – by the Pratt family, founders of the renowned Pratt Institute. Today, the Glengariff Healthcare Center is complemented by the state-of-the-art Pratt Pavilion, a 4000-square foot Physical & Occupational Therapy Suite for rehabilitative care. The facility also maintains a long term care unit, a locked dementia unit and an onsite dialysis center.
“Greystone more than exceeded our expectations and provided a smooth process from end-to-end, so much so that we are in the process of financing another skilled nursing facility with Greystone now,” said Sanjay Ahuja, Director, Glengariff Healthcare Center. “Thanks to Greystone, we will be able to continue to beautify the property and provide services to the local community,” he added.