The properties include the 33-unit Palms at Humphrey, the 36-unit Oaks at University, and the 95-unit Uptown Gardens community. The Greystone loans, featuring a private-label offering, with competitive, shorter loan terms and flexible pre-payment options, carry 5-year terms with fixed rates and 30-year amortizations, and include interest-only payments for periods ranging from one to five years.
“It’s gratifying to be able to offer a solution that fits the client’s needs to refinance this collection of multifamily properties,” said Mr. Cristi. “We’re always seeking ways to develop new financing options for our clients as the market evolves, and are pleased to offer a private-label solution when banks or other debt options may not fit the bill.”
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
