Upper East Side nursing home lands $127M in financing

Loan will pay off bridge loan, fund improvements to building at 211 East 79th

211 East 79th Street
211 East 79th Street

An Upper East Side nursing home has landed a $127 million loan from KeyBank.

The money for the Upper East Side Rehabilitation and Nursing Center, located at 211 East 79th Street, will pay off a previous acquisition bridge loan from KeyBank and finance more than $7 million in improvements at the facility, according to KeyBank.

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The financing team was made up of KeyBank’s John Randolph, Henry Alonso and Brandon Taseff.

KeyBank also financed the $105.5 million acquisition of the building in 2015 with a $93 million loan. The nursing home operator Cassena Care bought the building that year from longtime owner Marilyn Lichtman.