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Greystone has provided a $49,575,000 Freddie Mac Optigo loan for the acquisition of a 484-unit apartment community in Pine Hill, New Jersey. The transaction was originated by Dan Sacks, Managing Director in Greystone’s New York office, on behalf of Goldcrest Management. DAN SACHS The $50 million Freddie Mac loan features an adjustable rate with a 10-year term and 30-year amortization, with the first five years of interest-only payments. Built in 1973, Chalet Gardens is a garden-style complex consisting of one- and two-bedroom units that offer modern finishes and appliances, eat-in kitchens...

Greystone provides $27.8 million loan for seniors property in Michigan May 19, 2021 Greystone has provided a $27.8 million HUD-insured loan to refinance a 383-unit seniors housing property in Southfield, Michigan. The transaction was originated by Dan Sacks, managing director in Greystone’s New York office, on behalf of Loop Investments. The $27.8 million HUD Section 223(a)(7) financing replaces an existing FHA loan with a lower, fixed interest rate and a 35-year term and 40-year amortization, in order to increase the property’s cash flow. The property complie...

NEW YORK, NY - Greystone, a leading national commercial real estate finance company, has provided an $87 million Fannie Mae Delegated Underwriting and Servicing (DUS®) loan to refinance a 486-unit multifamily property in Prince Georges County, Maryland. The financing was originated by Dan Sacks and Eric Rosenstock, Managing Directors in Greystone’s New York office, on behalf of Glendale Apartments Properties LLC. The $87,000,000 Fannie Mae Green Mortgage loan carries a 12-year term, a low fixed interest rate, five years of interest-only payments, and a 30-year amortization period. The Prop...

Quantum Equities Lands $87M Refi for Maryland Apartments Greystone arranged the Fannie Mae DUS loan for the 486-unit community in Lanham. May042021 Image courtesy of Greystone Quantum Equities has refinanced The Glendale Residence Apartments, a 486-unit multifamily community in Lanham, Md., with an $87 million Fannie Mae DUS loan provided by Greystone. The Fannie Mae Green Mortgage loan carries a 12-year term, a low fixed-interest rate, five years of interest-only payments and a 30-year amortization period. The property has received Energy Star certification for the Green Bu...