{"id":10712,"date":"2024-02-15T12:35:08","date_gmt":"2024-02-15T18:35:08","guid":{"rendered":"https:\/\/1reason.com\/re\/greystone-provides-18-6-million-in-freddie-mac-financing-for-multifamily-property-in-fayetteville-north-carolina\/10712\/"},"modified":"2024-02-16T06:35:09","modified_gmt":"2024-02-16T12:35:09","slug":"greystone-provides-18-6-million-in-freddie-mac-financing-for-multifamily-property-in-fayetteville-north-carolina","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/greystone-provides-18-6-million-in-freddie-mac-financing-for-multifamily-property-in-fayetteville-north-carolina\/10712\/","title":{"rendered":"Greystone Provides $18.6 Million in Freddie Mac Financing for Multifamily Property in Fayetteville, North Carolina"},"content":{"rendered":"<div> The financing was originated by Justin Hechler, Director at Greystone, on behalf of Magma Equities &amp; Prudent Growth.  <\/p>\n<p align=\"left\">Constructed in 1974, <strong>Keystone Apartments <\/strong>in Cumberland County is a 28-building garden-style community featuring one- and two-bedroom units. The pet-friendly property offers a clubhouse, fitness center, swimming pool, dog park and on-site parking. The $18,614,000 non-recourse, fixed-rate loan carries a five-year term and 30-year amortization, with two years of interest-only payments.<\/p>\n<p>\u201cIt was a pleasure to work with both the Magma Equities &amp; Prudent Growth teams on this transaction. Working with Sponsors who have a deep understanding of the market and top-notch personnel makes all the difference for a smooth and efficient closing,\u201d said Mr. Hechler. \u201cWe pride ourselves on finding creative solutions for every transaction to ensure our clients realize their goals for all of their properties.\u201d<\/p>\n<p>\u201cWe rely on Greystone to help us achieve our portfolio objectives and guide us through transactions in every market cycle,\u201d said Mr. Ryan Hall, Principal of Magma. \u201cTime and again, Greystone\u2019s diligence, vast industry knowledge and commitment to service excellence prove they are the right partner for us.\u201d<\/p>\n<p align=\"justify\"><strong>About Greystone<\/strong><br \/>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 <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=gr3RmcRT5qJTyYebgwbp0uHIC6OX9-nWs466LcEZgcfP145w7WlwBTVl0ly7kcLu3sPpvDNZY0_5Qj1B-CckGxLDkzr_Ns3L5TYE9FRjGTc=\" rel=\"nofollow noopener\" target=\"_blank\" title=\"www.greystone.com\">www.greystone.com<\/a>.<\/p>\n<p align=\"justify\"><strong>PRESS CONTACT:<\/strong><br \/>Karen Marotta<br \/>Greystone<br \/>212-896-9149<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=DjGkp2rmFzd7MAqiWs-4Ztf-fx7hV7x6vnrET3bK0ArfoOLnqNgLcI0c_YpWr5PoQBr4CU9JyfwCryTxe-k_bae40elQo2PEhPRSpyNPH3A=\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Karen.Marotta@greyco.com\">Karen.Marotta@greyco.com<\/a><\/p>\n<p><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" data-src=\"https:\/\/ml.globenewswire.com\/media\/YjNkNThhYTctMmRlMi00N2Q2LTkyYTAtN2ViNjk4ZTQ0N2FlLTEwMzQ5NDg=\/tiny\/Greystone.png\"><\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<p align=\"left\">NEW YORK, Jan. 23, 2024 (GLOBE NEWSWIRE) &#8212; Greystone, a leading national commercial real estate finance company, has provided an $18,614,000 Freddie Mac Optigo\u00ae loan to refinance a 202-unit multifamily property in Fayetteville, North Carolina.<\/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\/10712"}],"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=10712"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/10712\/revisions"}],"predecessor-version":[{"id":10732,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/10712\/revisions\/10732"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=10712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=10712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=10712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}