Greystone Closes $56.3 Million in Combined Freddie Mac Financing and Preferred Equity to Refinance North Carolina Multifamily Property
September 09 2024 - 11:42AM
Greystone, a leading national commercial real estate finance
company, announced it has closed a Freddie Mac loan and preferred
equity component to refinance a 288-unit multifamily property
located in North Carolina. The financing, $56.3 million in total,
was originated by Dan Sacks, Senior Managing Director and Harrison
Drucker, Director at Greystone with Matthew Zisler, Senior Managing
Director at Greystone, securing the preferred equity on behalf of
the client.
Greystone provided a $50,071,000 10-year Freddie
Mac Optigo® loan with an additional $6,250,000 in preferred equity
funds provided by Lubert Adler.
The refinanced property is a newly constructed,
Class A multifamily community completed between 2021 and 2022.
Comprising one-, two-, and three-bedroom units, the property offers
residents a range of unique amenities including a saltwater
swimming pool, leash-free bark park with agility equipment, outdoor
social lounge and grilling pavilion, complimentary Starbucks coffee
bar, 24-hour fitness center and yoga room, resident lounge,
conference room, cybercafé, Amazon Hub package locker, soft-surface
playground, and complimentary Wi-Fi.
“Greystone strives to be a highly collaborative financing
partner for our clients, and the availability of our in-house
preferred equity services make this much easier to help clients get
to the closing table,” said Mr. Drucker. “We are thrilled to have
helped our client refinance this quality asset for long-term
success.”
About GreystoneGreystone is a
private national commercial real estate finance company with an
established reputation as a leader in multifamily and healthcare
finance, having ranked as a top FHA, Fannie Mae, and Freddie Mac
lender in these sectors. Loans are offered through Greystone
Servicing Company LLC, Greystone Funding Company LLC and/or other
Greystone affiliates. For more information, visit
www.greystone.com.
Securities transactions are processed through INTE Securities
LLC dba Greystone INTE BD, member FINRA www.finra.org www.sipc.org.
For information regarding INTE Securities LLC go to
www.finra.org/brokercheck.
PRESS CONTACT:Karen
MarottaGreystone212-896-9149Karen.Marotta@greyco.com