{"id":10629,"date":"2024-02-05T18:40:39","date_gmt":"2024-02-06T00:40:39","guid":{"rendered":"https:\/\/1reason.com\/re\/greystone-provides-40-3-million-in-freddie-mac-financing-for-multifamily-community-in-indiana\/10629\/"},"modified":"2024-02-06T12:40:39","modified_gmt":"2024-02-06T18:40:39","slug":"greystone-provides-40-3-million-in-freddie-mac-financing-for-multifamily-community-in-indiana","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/greystone-provides-40-3-million-in-freddie-mac-financing-for-multifamily-community-in-indiana\/10629\/","title":{"rendered":"Greystone Provides $40.3 Million in Freddie Mac Financing for\u00a0Multifamily Community in Indiana"},"content":{"rendered":"
The financing was originated by Eric Rosenstock and Dan Sacks, both Senior Managing Directors at Greystone, on behalf of Bayshore Properties. <\/p>\n

Purchased by the borrower in 2021 with bridge financing, Hidden Creek Apartments <\/strong>received capital improvements in excess of $725,000 on more than 25% of the units, as well as exterior renovations of over $659,000. Originally constructed in 1976, the property comprises one- and two-bedroom units spread across twelve residential buildings with community amenities including a swimming pool, fitness room, playground, disc golf course, clubhouse, and ample outdoor space. The $40,309,000 non-recourse, fixed-rate Freddie Mac loan carries a 10-year term.<\/p>\n

\u201cDespite today\u2019s more difficult financing environment, it\u2019s gratifying to be able to provide a long-time client with continued high-touch service as they grow their multifamily portfolio,\u201d said Mr. Rosenstock.<\/p>\n

\u201cEric, Dan and the Greystone team have been nothing short of excellent as we navigated a higher rate environment and worked to add value to this quality asset for its long-term success,\u201d said Mr. Nick Kozul of Bayshore Properties.<\/p>\n

About Greystone<\/strong>
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<\/a>.<\/p>\n

PRESS CONTACT:<\/strong>
Karen Marotta
Greystone
212-896-9149
Karen.Marotta@greyco.com<\/a><\/p>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

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NEW YORK, Jan. 16, 2024 (GLOBE NEWSWIRE) — Greystone, a leading national commercial real estate finance company, has provided a $40.3 million Freddie Mac Optigo\u00ae loan to refinance a 432-unit multifamily property in Crown Point, Indiana.<\/p>\n<\/div>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/10629"}],"collection":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/comments?post=10629"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/10629\/revisions"}],"predecessor-version":[{"id":10660,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/10629\/revisions\/10660"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=10629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=10629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=10629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}