Greystone Provides $39 Million in Freddie Mac Financing for

0
177


NEW YORK, Nov. 16, 2022 (GLOBE NEWSWIRE) — Greystone, a number one nationwide industrial actual property finance firm, has supplied $39,173,000 in Freddie Mac Optigo® Small Balance Loans (SBL) to refinance a portfolio of 10 multifamily properties consisting of 287 models positioned in and round Newark, New Jersey. The loans had been originated by Hope Curtis, a Director in Greystone’s New York workplace.

Eight of the refinanced properties obtained 5-year fixed-rate Freddie Mac Small Balance Loans, and two of the properties obtained 10-year fixed-rate Freddie Mac financing with three years of interest-only funds.

The portfolio consisted of 9 properties in Newark and one 19-unit property in Irvington, positioned at 885 18th Avenue. The Newark properties included:

  • 624 Dr. Martin Luther King Jr. Boulevard – 26 models
  • 408-410 N. 5th Street – 16 models
  • 92 Quitman Street – 17 models
  • 729 Dr. Martin Luther King Jr. Boulevard – 29 models
  • 737 Dr. Martin Luther King Jr. Boulevard – 33 models
  • 747 Dr. Martin Luther King Jr. Boulevard – 34 models
  • 773 Dr. Martin Luther King Jr. Boulevard – 41 models
  • 777 Dr. Martin Luther King Jr. Boulevard – 40 models
  • 778 Dr. Martin Luther King Jr. Boulevard – 32 models

“We work hard to ensure that multifamily borrowers secure financing that will meet their portfolio needs, and we are thrilled that Freddie Mac’s Small Balance Loan program was a perfect fit for this client,” mentioned Ms. Curtis. “At Greystone, we are dedicated to leveraging our extensive industry expertise and deep lending platform to help our clients realize their vision for their properties.”

About Greystone
Greystone is a personal nationwide industrial actual property finance firm with a longtime popularity as a pacesetter in multifamily and healthcare finance, having ranked as a prime FHA, Fannie Mae, and Freddie Mac lender in these sectors. Loans are supplied by Greystone Servicing Company LLC, Greystone Funding Company LLC and/or different Greystone associates. For extra data, go to www.greystone.com.

PRESS CONTACT:
Karen Marotta
Greystone
212-896-9149
[email protected]



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here