NEW YORK, Sept. 02, 2026 (GLOBE NEWSWIRE) — Greystone, a leading national commercial real estate finance company, announced that it arranged $75.5 million in construction financing and $32.0 million in JV equity on behalf of Saber-Hightower LLC and Granoff Real Estate for the office-to-residential conversion of M7 Lofts, a 286-unit multifamily project in Norwalk, Connecticut. Greystone Capital Advisors served as financial advisor on the transaction, with a team including Drew Fletcher, Paul Fried, Bryan Grover, and Jesse Kopecky. The construction loan was provided by Bank OZK, and the JV equity commitment was provided by a confidential family office.
M7 Lofts is an adaptive-reuse project at 101 and 201 Merritt 7 that will convert two existing eight-story office buildings into a residential community. Plans include approximately 55,000 square feet of indoor and outdoor amenities — a fitness center, co-working space, an outdoor pool deck and lounge areas, and landscaped private gardens. Residences are designed with loft-style layouts, open floor plans, floor-to-ceiling windows, and 11-foot ceilings. The property sits less than a five-minute walk from the Merritt 7 Metro-North station, with commuter access to Stamford, Greenwich, and New York City.
“These are well-located buildings that can serve Fairfield County far better as housing than as office,” said Marty Berger, Principal of Saber-Hightower LLC. “By leveraging the existing infrastructure at Merritt 7 and the property’s proximity to transit, we can create a differentiated residential experience while giving these buildings a new purpose. We appreciate Greystone’s assistance in developing a financing strategy that supports our vision.”
“This was a compelling adaptive-reuse opportunity that required a financing strategy tailored to the sponsor’s long-term business plan,” said Drew Fletcher, President of Greystone Capital Advisors. “We were thrilled to represent Saber-Hightower and Granoff Real Estate in assembling the capital needed to move this conversion forward.”
About Greystone
Greystone 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. Greystone Capital Advisors LLC provides structured finance and capital advisory services. For more information, visit www.greystone.com. Securities transactions are effected through INTE Securities LLC dba Greystone INTE BD, member FINRA www.finra.org / SIPC www.sipc.org. For information regarding INTE Securities LLC go to www.finra.org/brokercheck
About Saber-Hightower
Saber-Hightower is a private real estate investment and development platform that brings decades of experience and over $3 billion in completed developments nationwide, with a focus on multifamily, retail, mixed-use, and hospitality. The firm has a proven track record of navigating complex approvals and unlocking value through ground-up development. Our principals bring unmatched market access and a reputation built on trust, execution, and long-term relationships.
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