The Real Deal New York

Borough Park medical facility undergoes $78M refi

Greystone financing consolidates old TD Bank loan
By Eddie Small | June 30, 2017 02:45PM

4915 10th Avenue in Brooklyn

The developers of a senior health care facility in Brooklyn have refinanced it with a $78.4 million loan, property records show.

The nine-story senior care facility is located at 4915 10th Avenue in Borough Park and run by Kenny Rozenberg and Daryl Hagler’s Centers Health Care.

The financing, which comes from Greystone Funding Corporation, includes an $11.5 million mortgage and consolidates the remaining balance on a $73 million TD Bank loan, which came to $66.9 million. Greystone’s Fred Levine led the financing deal in-house.

The property is known as the Boro Park Center, and Rozenberg and Hagler purchased it for $19 million in 2011. The duo owns and operates several other senior centers in New York but refer to the Boro Park Center as “the flagship of the Centers Health Care” family on their company website.

Other recent Borough Park activity includes Jona Rechnitz, a witness in a federal probe of corruption in the New York Police Department, facing foreclosure on his property at 5002 13th Avenue.

A representative for Centers Health Care declined to comment.