{"id":10941,"date":"2024-03-10T16:11:36","date_gmt":"2024-03-10T21:11:36","guid":{"rendered":"https:\/\/1reason.com\/re\/greystone-closes-419-6-million-financing-package-for-class-a-mixed-use-multifamily-complex-in-miami-florida\/10941\/"},"modified":"2024-03-11T11:11:36","modified_gmt":"2024-03-11T16:11:36","slug":"greystone-closes-419-6-million-financing-package-for-class-a-mixed-use-multifamily-complex-in-miami-florida","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/greystone-closes-419-6-million-financing-package-for-class-a-mixed-use-multifamily-complex-in-miami-florida\/10941\/","title":{"rendered":"Greystone Closes $419.6 Million Financing Package for Class A+, Mixed-Use Multifamily Complex in Miami, Florida"},"content":{"rendered":"
The property is an 85-story, Class A+, mixed-use, residential complex featuring 821 multifamily residences, 112,731 square feet of Class A office space, 25,219 square feet of retail space, a 2,000-space private parking garage, and an attached 19-story, 208-room Hyatt Centric Hotel. The deal included a structured Agency loan in tandem with an investment led by a global pension fund. <\/p>\n

GCC is a division of Greystone that focuses on structured commercial mortgages for institutional clients across all major property types. This transaction consisted of a $334,590,000 Freddie Mac Optigo\u00ae senior loan funded by Greystone Servicing Company LLC that carries a five-year term and 35-year amortization combined with $85,000,000 of Agency-compliant subordinate debt.<\/p>\n

\u201cGCC delivered a market leading and innovative structured finance solution. We are grateful to partner with top financial institutions and Florida East Coast Realty on such a noteworthy project in Panorama Tower,\u201d said Scott Chisholm, President and Chief Investment Officer at Greystone Commercial Capital.<\/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

Securities transactions are processed through INTE Securities LLC dba Greystone INTE BD, member FINRA www.finra.org<\/a> www.sipc.org<\/a>. For information regarding INTE Securities LLC go to www.finra.org\/brokercheck<\/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, Feb. 20, 2024 (GLOBE NEWSWIRE) — Greystone Commercial Capital (GCC) has closed a $419,590,000 transaction to refinance Panorama Tower, located on Brickell Bay Drive in Miami, Florida.<\/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\/10941"}],"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=10941"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/10941\/revisions"}],"predecessor-version":[{"id":10955,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/10941\/revisions\/10955"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=10941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=10941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=10941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}