Borough Park medical facility undergoes $78M refi

Greystone financing consolidates old TD Bank loan

TRD New York /
Jun.June 30, 2017 02:45 PM

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.

Related Articles

With a cooling trade war, stocks perform well, including real estate. (Credit: iStock)

Real estate stocks push up this week as U.S.-China trade tensions ease

416 West 25th Street and Maverick Real Estate Partners principal David Aviram (Credit: Google Maps and LinkedIn)

Chelsea landlord claims “predatory” lender is charging a crippling interest rate as punishment after losing foreclosure case

Redwood Trust’s CEO Christopher J. Abate (Credit: iStock)

Wall Street is collecting rent payments

From left: 1407 Broadway, 805 Third Avenue and 195 Broadway (Credit: Google Maps)

These were the 10 largest Manhattan real estate loans in November

The Tel Aviv Stock Exchange (Credit: Getty Images)

All Year’s Israeli bonds tumble on $41M loss

Alex Sapir and the NoMo Soho hotel at 9 Crosby Street (Credit: NoMo SoHo)

Sapir Corp.’s stock drops in Tel Aviv

55 Hudson Yards, Facebook CEO Mark Zuckerberg (Credit: Google Maps and Getty Images)

Here’s how much Facebook is paying at Hudson Yards

Michael Shvo with 711 5th Avenue (Credit: Getty Images, and Google Maps)

Michael Shvo seeking $600M to refinance Coca-Cola Building