CCN 315125 · Ocean County, New Jersey
Crystal Lake Healthcare and Rehabilitation
395 Lakeside Blvd, Bayville, NJ 08721
Crystal Lake Healthcare and Rehabilitation is a 235-bed for-profit nursing home in Bayville, New Jersey, first certified for Medicare or Medicaid in 1971. CMS publishes no overall star rating for it in its September 2026 data. It averaged 197.0 residents a day, about 84% of its certified beds. It has an active FHA-insured Section 232 loan: $26.1 million originally, at 7.23%, with $25.4 million outstanding as of September 30, 2026 and maturity in February 2054.
Facility facts
- Certified beds
- 235
- Average residents per day
- 197.0 (83.8% of beds)
- Ownership type
- For profit - Limited Liability company
- Certification
- Medicare and Medicaid
- Legal business name
- Crystal Spring Center LLC
- Certified since
- May 9, 1971
- Chain or affiliated group
- None listed by CMS
- Location
- Urban
Ratings and staffing
Star ratings run from 1 to 5. Staffing is nurse hours per resident per day from CMS Payroll Based Journal data; turnover is the CMS annual nursing staff turnover rate. Occupancy is CMS's average daily census divided by certified beds.
| Measure | This facility | New Jersey median | US median |
|---|---|---|---|
| Overall rating | not rated | State spread: 33 at 1, 71 at 2, 70 at 3, 90 at 4, 82 at 5 | |
| Health inspections | not rated | ||
| Quality measures | not rated | ||
| Staffing | not rated | ||
| Total nurse hours per resident per day | 3.50 | 3.60 | 3.68 |
| RN hours per resident per day | 0.33 | 0.55 | 0.58 |
| Weekend nurse hours per resident per day | 3.24 | ||
| Nursing staff turnover | 54.4% | 38.9% | 44.9% |
| Occupancy (residents / beds) | 83.8% | 87.8% | 85.7% |
| Fines reported by CMS | 4 totaling $465,589 | ||
| Health deficiencies, latest standard survey | 16 (Jan 27, 2026) | ||
HUD 223(f) Express Lane: the CMS part
HUD gives 223(f) applications queue priority when the facility has CMS overall and health inspection ratings of at least 2 stars and no abuse icon, among other tests (ORCF criteria of March 31, 2026). Crystal Lake Healthcare and Rehabilitation does not meet it today: no overall rating, no health inspection rating. The loan-to-value, coverage and operator tests depend on the deal. All the criteria.
Who owns and operates it
These are the owners and operators the facility reported to CMS: anyone with a 5% or greater direct or indirect stake, and any organization with operational or managerial control.
| Name | Role | Share | Since |
|---|---|---|---|
| Pbv Herman Holdings LLCOrganization | Direct Ownership Interest | 100% | 10/22/2021 |
| Poplar Opco LLCOrganization | Indirect Ownership Interest | 7% | 10/22/2021 |
| Rbnt Care LLCOrganization | Indirect Ownership Interest | 25% | 10/22/2021 |
| Sjmr, LLCOrganization | Indirect Ownership Interest | 39% | 10/22/2021 |
| Yp Investors Group, LLCOrganization | Indirect Ownership Interest | 29% | 10/22/2021 |
| Fischman, IsaacIndividual | Indirect Ownership Interest | n/a | 10/22/2021 |
| Phillip, AbrahamIndividual | Indirect Ownership Interest | n/a | 10/22/2021 |
| Reiner, JosefIndividual | Indirect Ownership Interest | n/a | 10/22/2021 |
Changes of ownership
| Effective | Buyer | Seller |
|---|---|---|
| Oct 22, 2021 | Crystal Spring Center LLC | Bayville Healthcare LLC |
HUD Section 232 loans
HUD's Office of Healthcare Programs lists these FHA-insured loans for a project we matched to this facility by name, city and bed count. Status, rate and balance come from HUD's insured-mortgage files as of September 30, 2026. Check the FHA number against the loan documents before relying on the match.
| Endorsed | Program | Original amount | Status | FHA number |
|---|---|---|---|---|
| Jan 30, 2024 | 223(f) refinance or purchaseHUD project name: Crystal Lake Healthcare and Rehabilitation, 235 beds. Lender at endorsement: Greystone Funding Company LLC | $26,080,000 | Active: 7.23%, $25,386,093 balanceMatures Feb 1, 2054. Servicer: Greystone Servicing Company | 03122165 |
Sources and dates
Facility, rating, staffing and ownership data: CMS Provider Information and CMS Ownership, processing date September 2026. Private equity, REIT and mortgage-interest flags and changes of ownership: CMS Skilled Nursing Facility All Owners and Change of Ownership files (2026-10-01). FHA-insured loans: HUD Office of Healthcare Programs endorsement database, data run July 8, 2026. How we join them, and what the join can get wrong: methodology.
SNF Register is independent. It is not affiliated with or endorsed by CMS, HUD or FHA. Spotted an error? Write to hello@hudskillednursing.loan.