Hamptons Senior Housing Facility Acquired for $54M

<p><a href="http://www.greyco.com">Greystone</a> (New York), a financial services and private investment group, has closed a $54.5 million bridge loan for acquisition of <a href="http://www.sentosacare.com/showfacilities.php?facilityid=24&search=Search&searchfrom=facilities.php">The Hamptons Center for Rehabilitation and Nursing</a> (Southampton, N.Y.).</p><p>The interest-only bridge loan is the latest loan that Greystone has secured on behalf of <a href="http://www.sentosacare.com/">SentosaCare</a> (Woodmere, N.Y.), which oversees affiliated nursing facilities in the region.</p>

Published: January 29, 2014Posted by Anne DiNardo, Senior Editor

Greystone (New York), a financial services and private investment group, has closed a $54.5 million bridge loan for acquisition of The Hamptons Center for Rehabilitation and Nursing (Southampton, N.Y.).

The interest-only bridge loan is the latest loan that Greystone has secured on behalf of SentosaCare (Woodmere, N.Y.), which oversees affiliated nursing facilities in the region.

The Hamptons Center 280-bed skilled-nursing facility has a 96.8 percent occupancy rate and offers a range of services, including rehabilitation, medical, housekeeping, lab work, and physical therapy.