NEW YORK, NY - Greystone, a leading national commercial real estate finance company, has provided a $14,000,000 CMBS loan to refinance a multifamily property portfolio in Brooklyn, NY. The financing was originated by Jason Yuen, Managing Director at Greystone.
The three-property portfolio includes 27 units across mixed-use buildings, with ground-floor retail featuring a deli, fish market, nail salon, juice bar, and convenience store. The full-term interest-only CMBS financing carries a five-year term at a competitive fixed rate.
“This deal was a great example of how we can support our repeat clients with customized financing solutions that meet their goals. With the sponsor’s recent capital improvements, we were able to deliver maximum proceeds and structure a full-term interest-only loan that recaptured equity and supports long-term success,” said Mr. Yuen.
About Greystone: 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