Constructed in 2023 and located in the Clinton Hill neighborhood of Brooklyn, 58 Vanderbilt Avenue is a high-rise apartment building featuring studio-, one- and two-bedroom units. The property’s amenities include a rooftop terrace, business center, recreation room, and bike storage lockers. In addition, there are two commercial units on the ground floor of the property. The first mortgage, provided at 51% loan-to-value, includes a five-year term with a 30-year amortization period.
“It is our mission to find the best financing solution for our clients, and thrilled that we were able to execute on a loan for this critical affordable housing in Brooklyn,” said Mr. Lifshitz. “Greystone is committed to preserving the affordable housing that exists across our country – we leverage our deep expertise in multifamily and tap into extensive lending platform for all the properties in our clients’ portfolios.”
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
