{"id":20233,"date":"2026-09-02T16:23:02","date_gmt":"2026-09-02T21:23:02","guid":{"rendered":"https:\/\/1reason.com\/re\/greystone-capital-advisors-arranges-107-5-million-in-debt-and-jv-equity-for-office-to-residential-conversion-in-norwalk-ct\/20233\/"},"modified":"2026-09-03T11:23:02","modified_gmt":"2026-09-03T16:23:02","slug":"greystone-capital-advisors-arranges-107-5-million-in-debt-and-jv-equity-for-office-to-residential-conversion-in-norwalk-ct","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/greystone-capital-advisors-arranges-107-5-million-in-debt-and-jv-equity-for-office-to-residential-conversion-in-norwalk-ct\/20233\/","title":{"rendered":"Greystone Capital Advisors Arranges $107.5 Million in Debt and JV Equity for Office-to-Residential Conversion in Norwalk, CT"},"content":{"rendered":"
Greystone Capital Advisors served as financial advisor on the transaction, with a team including Drew Fletcher, Paul Fried, Bryan Grover, and Jesse Kopecky. The construction loan was provided by Bank OZK, and the JV equity commitment was provided by a confidential family office. <\/p>\n

M7 Lofts is an adaptive-reuse project at 101 and 201 Merritt 7 that will convert two existing eight-story office buildings into a residential community. Plans include approximately 55,000 square feet of indoor and outdoor amenities \u2014 a fitness center, co-working space, an outdoor pool deck and lounge areas, and landscaped private gardens. Residences are designed with loft-style layouts, open floor plans, floor-to-ceiling windows, and 11-foot ceilings. The property sits less than a five-minute walk from the Merritt 7 Metro-North station, with commuter access to Stamford, Greenwich, and New York City.<\/p>\n

“These are well-located buildings that can serve Fairfield County far better as housing than as office,” said Marty Berger, Principal of Saber-Hightower LLC. “By leveraging the existing infrastructure at Merritt 7 and the property’s proximity to transit, we can create a differentiated residential experience while giving these buildings a new purpose. We appreciate Greystone’s assistance in developing a financing strategy that supports our vision.”<\/p>\n

“This was a compelling adaptive-reuse opportunity that required a financing strategy tailored to the sponsor’s long-term business plan,” said Drew Fletcher, President of Greystone Capital Advisors. “We were thrilled to represent Saber-Hightower and Granoff Real Estate in assembling the capital needed to move this conversion forward.”<\/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. Greystone Capital Advisors LLC provides structured finance and capital advisory services. For more information, visit www.greystone.com<\/a>. Securities transactions are effected through INTE Securities LLC dba Greystone INTE BD, member FINRAwww.finra.org<\/a>\/ SIPCwww.sipc.org<\/a>. For information regarding INTE Securities LLC go towww.finra.org\/brokercheck<\/a><\/p>\n

About Saber-Hightower<\/strong>
Saber-Hightower is a private real estate investment and development platform that brings decades of experience and over $3 billion in completed developments nationwide, with a focus on multifamily, retail, mixed-use, and hospitality. The firm has a proven track record of navigating complex approvals and unlocking value through ground-up development. Our principals bring unmatched market access and a reputation built on trust, execution, and long-term relationships.<\/p>\n

PRESS CONTACT:<\/strong>
Fran Del Valle
fran@influencecentral.com<\/a><\/p>\n

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NEW YORK, Sept. 02, 2026 (GLOBE NEWSWIRE) — Greystone, a leading national commercial real estate finance company, announced that it arranged $75.5 million in construction financing and $32.0 million in JV equity on behalf of Saber-Hightower LLC and Granoff Real Estate for the office-to-residential conversion of M7 Lofts, a 286-unit multifamily project in Norwalk, Connecticut.<\/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\/20233"}],"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=20233"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/20233\/revisions"}],"predecessor-version":[{"id":20235,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/20233\/revisions\/20235"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=20233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=20233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=20233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}