NEW YORK, NY - Greystone, a leading national commercial real estate finance company, has provided a $48,000,000 Fannie Mae Delegated Underwriting & Servicing (DUS®) green loan to acquire a 406-unit multifamily property in Okemos, Michigan. The financing was originated by Richard Kourbage, Managing Director in Greystone’s New York office, on behalf of the joint venture between Gray Capital and LRE Management.
Constructed in 1989, Club Meridian in Ingham County is a garden-style.
NEW YORK, NY - Greystone, a leading national commercial real estate finance company, has provided $23,479,000 in Freddie Mac Optigo® financing for the acquisition of a 178-unit multifamily property in Davie, Florida. The transaction was originated by Richard Kourbage, Managing Director in Greystone’s New York office, on behalf of Circle Capital Partners and LRE Management.
The non-recourse $23.5 million Freddie Mac loan carries a fixed rate with a 10-year term, a 30-year.
NEW YORK, NY - Greystone, a leading national commercial real estate finance company, has provided $20,740,000 in HUD 223(f) financing for the acquisition of a 265-unit multifamily property in Rapid City, South Dakota. The financing was originated by Richard Kourbage, Managing Director at Greystone, on behalf of Tzadik Properties, LLC.
The $20.74 million HUD-Insured loan carries a 35-year term and 30-year amortization along with a low, fixed rate.
LaCrosse Estates Apartments is a 265-unit workforce housing community offering one-, two-, and three-bedroom units. The property features amenities such as an indoor and outdoor pool, basketball court, fire pits, exercise room, and spa.