{"id":8051,"date":"2023-03-06T07:47:58","date_gmt":"2023-03-06T13:47:58","guid":{"rendered":"https:\/\/1reason.com\/re\/greystone-provides-15-7-million-in-freddie-mac-financing-for-multifamily-property-in-indianapolis\/8051\/"},"modified":"2023-03-07T01:47:58","modified_gmt":"2023-03-07T07:47:58","slug":"greystone-provides-15-7-million-in-freddie-mac-financing-for-multifamily-property-in-indianapolis","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/greystone-provides-15-7-million-in-freddie-mac-financing-for-multifamily-property-in-indianapolis\/8051\/","title":{"rendered":"Greystone Provides $15.7 Million in Freddie Mac Financing for Multifamily Property in Indianapolis"},"content":{"rendered":"
The financing was originated by Miryam Reinitz-Kops, Vice President in Greystone\u2019s New York office. George Tikijian of Cushman & Wakefield acted as correspondent on the transaction. <\/p>\n

Constructed in 1989, Trails at Lakeside <\/strong>in Marion County is a garden-style apartment community consisting of six buildings that offer one-, two- and three-bedroom units. The $15,656,000 non-recourse, fixed-rate Freddie Mac loan carries a 12-year term and 30-year amortization, with three years of interest-only payments. In addition to the acquisition, loan proceeds enable the borrower to make improvements to the property.<\/p>\n

Capodagli Property Company, led by George Capodagli, President, has recently initiated a new mandate to expand its footprint beyond New Jersey, where the company currently owns and operates a few thousand units of self-built multifamily. \u201cIndianapolis is an ideal market for our growth plans and we are looking forward to building a strong presence there,\u201d said Jim Feisel, Vice President at Capodagli Property Company, who is heading up this expansion initiative. <\/p>\n

\u201cClients trust Greystone because of our deep financing platform and unparalleled industry acumen \u2013 we pride ourselves in finding creative solutions for every transaction,\u201d said Ms. Reinitz-Kops. \u201cOur goal is to provide a superior service experience on every transaction so our clients can realize the goals they have for all of the properties in their portfolios.\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

About Capodagli Property Company<\/strong>
Founded in 1970, Capodagli Property Company is recognized for its ability to envision thriving communities on barren parcels, playing a major role in the redevelopment of these communities. As President of Capodagli Property Company, George M. Capodagli oversees every aspect of the development process and, to date, has completed over a half billion dollars\u2019 worth of apartment and construction projects across New Jersey and New York, winning a well-deserved reputation as a catalyst for bringing economic expansion and new investments to re-emerging areas. The key towns he\u2019s planted roots in include Linden, Bound Brook, Hackensack, Roselle Park, Dover and Rahway, among others.<\/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. 06, 2023 (GLOBE NEWSWIRE) — Greystone, a leading national commercial real estate finance company, has provided $15,656,000 in Freddie Mac Optigo\u00ae financing to acquire a 208-unit multifamily property in Indianapolis, Indiana.<\/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\/8051"}],"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=8051"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/8051\/revisions"}],"predecessor-version":[{"id":8062,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/8051\/revisions\/8062"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=8051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=8051"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=8051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}