CareRite Centers refinanced its Flatbush nursing home, the Monarch at Brooklyn Rehabilitation and Nursing Center, with a $50.1 million loan from Customers Bank. The 103,450-square-foot facility at 135 Linden Boulevard also has 80,062 square feet of unused development rights. The refinancing replaces a $26 million loan from Popular Bank. CareRite acquired the property for $40 million, and the facility is operated by an entity controlled by Eliezer Zelman.
CareRite Centers
