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Sep 9, 2024 11:50 AM

Greystone Closes $56.3 Million in Combined Freddie Mac Financing and Preferred Equity to Refinance North Carolina Multifamily Property

NEW YORK, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, announced it has closed a Freddie Mac loan and preferred equity component to refinance a 288-unit multifamily property located in North Carolina. The financing, $56.3 million in total, was originated by Dan Sacks, Senior Managing Director and Harrison Drucker, Director at Greystone with Matthew Zisler, Senior Managing Director at Greystone, securing the preferred equity on behalf of the client.

Greystone provided a $50,071,000 10-year Freddie Mac Optigo® loan with an additional $6,250,000 in preferred equity funds provided by ...