{"id":3489,"date":"2021-07-28T13:43:00","date_gmt":"2021-07-28T18:43:00","guid":{"rendered":"https:\/\/1reason.com\/re\/greystone-provides-25-8-million-in-freddie-mac-financing-for-a-multifamily-property-in-tennessee\/3489\/"},"modified":"2021-07-29T08:43:00","modified_gmt":"2021-07-29T13:43:00","slug":"greystone-provides-25-8-million-in-freddie-mac-financing-for-a-multifamily-property-in-tennessee","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/greystone-provides-25-8-million-in-freddie-mac-financing-for-a-multifamily-property-in-tennessee\/3489\/","title":{"rendered":"Greystone Provides $25.8 Million in Freddie Mac Financing for a Multifamily Property in Tennessee"},"content":{"rendered":"
The financing was originated by Carter King of Greystone on behalf of Beechwood. <\/p>\n

The $25,764,000 Freddie Mac loan finances Northshore Village<\/strong>, and carries a 10-year term with interest only payments for the first 5 years, as well as a 30-year amortization period. Built in 1972, Northshore Village is a multifamily community comprising 226 garden style apartments. Property amenities include a 24-hour fitness center, laundry facilities, a sand volleyball court, and a saltwater pool.<\/p>\n

\u201cGreystone\u2019s deep experience with multifamily property financing enables us to navigate a variety of capital needs,\u201d said Mr. King. \u201cIt\u2019s been a pleasure working with the Beechwood team as they grow their portfolio.\u201d<\/p>\n

\u201cWe are thrilled with this acquisition and look forward to continuing to grow in Tennessee and its surrounding markets,\u201dsaid Kyle Collins, guarantor.<\/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<\/p>\n

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

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NEW YORK, July 13, 2021 (GLOBE NEWSWIRE) — Greystone, a leading national commercial real estate finance company, has provided a $25.8 million Freddie Mac Optigo\u00ae loan for the acquisition of a multifamily property in Chattanooga, Tennessee.<\/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\/3489"}],"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=3489"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/3489\/revisions"}],"predecessor-version":[{"id":3505,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/3489\/revisions\/3505"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=3489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=3489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=3489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}