{"id":3154,"date":"2021-06-29T08:19:39","date_gmt":"2021-06-29T13:19:39","guid":{"rendered":"https:\/\/1reason.com\/re\/greystone-provides-50-million-in-freddie-mac-financing-for-multifamily-property-in-new-jersey\/3154\/"},"modified":"2021-06-30T03:19:39","modified_gmt":"2021-06-30T08:19:39","slug":"greystone-provides-50-million-in-freddie-mac-financing-for-multifamily-property-in-new-jersey","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/greystone-provides-50-million-in-freddie-mac-financing-for-multifamily-property-in-new-jersey\/3154\/","title":{"rendered":"Greystone Provides $50 Million in Freddie Mac Financing for Multifamily Property in New Jersey"},"content":{"rendered":"
The transaction was originated by Dan Sacks, Managing Director in Greystone\u2019s New York office, on behalf of Goldcrest Management. <\/p>\n

The $50 million Freddie Mac loan features an adjustable rate with a 10-year term and 30-year amortization, with the first five years of interest-only payments. Built in 1973, Chalet Gardens<\/strong> is a garden-style complex consisting of one- and two-bedroom units that offer modern finishes and appliances, eat-in kitchens, in-unit washer\/dryers and private outdoor living spaces. Residents have access to the community\u2019s fitness center, pool and sundeck, picnic area, playground, and parking. The property is close to the area\u2019s dining, shopping, and recreation options, and is a short drive to Center City Philadelphia and New Jersey beaches.<\/p>\n

\u201cWe are thrilled to play a role in making this acquisition happen for our client,\u201d said Mr. Sacks. \u201cGreystone\u2019s multifamily financing platform is industry-leading and my team\u2019s execution is centered around the client experience, so each transaction gives us an opportunity help our clients achieve their goals with a seamless process.\u201d<\/p>\n

\u201cFrom the very start, our Greystone team demonstrated a high level of creativity and commitment to getting us the financing we needed to acquire this property \u2013 they were the perfect partner,\u201d said Mr. Hillel Hertz, principal of Goldcrest Management. \u201cGreystone\u2019s understanding of the nuances of the local market, and of the particulars of the multifamily space in particular, is unparalleled and we look forward to working with our team again in the future.\u201d<\/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, June 07, 2021 (GLOBE NEWSWIRE) — Greystone, a leading national commercial real estate finance company, has provided a $49,575,000 Freddie Mac Optigo\u00ae loan for the acquisition of a 484-unit apartment community in Pine Hill, New Jersey.<\/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\/3154"}],"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=3154"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/3154\/revisions"}],"predecessor-version":[{"id":3166,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/3154\/revisions\/3166"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=3154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=3154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=3154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}