The financing included:
- A 40-unit building located in Jersey City, New Jersey that received a $3.9 million Freddie Mac SBL loan with a 10-year, fixed-rate term;
- A 19-unit property in Jersey City, New Jersey that received $1.8 million in Freddie Mac SBL financing with a 10-year, fixed-rate term;
- A 26-unit property in Jersey City, New Jersey that received $2.3 million in Freddie Mac SBL financing with a 10-year, fixed-rate term;
- A 13-unit building located in Jersey City, New Jersey that received a $1.4 million Freddie Mac SBL financing with a 10-year, fixed-rate term;
- A 29-unit building located in Jersey City, New Jersey that received $2.9 million in Freddie Mac SBL financing with a 10-year, fixed-rate term;
- A 37-unit building located in Newark, New Jersey that received $2 million in Freddie Mac SBL financing with a 10-year, fixed-rate term; and
- A 23-unit building located in Newark, New Jersey that received a $1.1 million Freddie Mac SBL financing with a 10-year, fixed-rate term.
“We executed all seven loans simultaneously with very favorable terms, and Greystone is fortunate to work alongside such a great team at Freddie Mac to help finance workforce housing in America’s urban centers,” said Mr. Meehan. “Our industry-leading multifamily lending platform means that Greystone clients enjoy seamless execution and competitive terms.”
“We were thrilled to expand our financing to include Freddie Mac with the help of Greystone and are very pleased with the overall outcome, timing, and proceeds for these transactions,” said Mr. Kostas Georgiou, co-Founder and a managing member of SIG MANAGEMENT, LLC.
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. For more information, visit www.greystone.com.
PRESS CONTACT:
Karen Marotta
Greystone
212-896-9149
Karen.Marotta@greyco.com
