NEW YORK, Sept. 29, 2022 (GLOBE NEWSWIRE) — Greystone, a number one nationwide industrial actual property finance firm, has supplied a $13,928,000 Freddie Mac mortgage to refinance a 120-unit multifamily property in Newnan, Georgia. The financing was originated by Keith Hires and Carter King in Greystone’s Atlanta workplace, on behalf of Jefferson Point Apartments, LP.
Constructed in 1990, Jefferson Point Apartments in Coweta County consists of 10 garden-style buildings with one-, two- and three-bedroom models. The $13,928,000 non-recourse, adjustable charge financing carries a 10-year time period and 30-year amortization together with 4 years of interest-only funds. In addition to refinancing an current Fannie Mae mortgage, mortgage proceeds allow the borrower to monetize their fairness in the property.
“Our multifamily expertise and our deep lending platform mean that we can find the right financing for our clients, even during challenging market cycles,” stated Mr. Hires. “Greystone is known for its willingness to be creative and find solutions where others fall short – we are passionate about helping our clients realize their vision for the multifamily properties in their portfolio.”
“Our Greystone team continues to go above and beyond on every transaction, weighing in with tremendous insights and expertise on every property,” stated Mr. Alexis V. Lewis, principal of the borrower and a longtime shopper of Greystone. “They are our go-to partner for our multifamily portfolio and we look forward to working with them again in the future.”
About Greystone
Greystone is a personal nationwide industrial actual property finance firm with a longtime fame as a frontrunner in multifamily and healthcare finance, having ranked as a prime FHA, Fannie Mae, and Freddie Mac lender in these sectors. Loans are supplied via Greystone Servicing Company LLC, Greystone Funding Company LLC and/or different Greystone associates. For extra info, go to www.greystone.com.
PRESS CONTACT:
Karen Marotta
Greystone
212-896-9149
[email protected]
