NEW YORK, Aug. 19, 2019 (GLOBE NEWSWIRE) -- Greystone, a leading commercial real estate lending, investment, and advisory company, announced it has provided a $7,950,000 Freddie Mac Green Advantage® loan to refinance a 92-unit multifamily property in Las Vegas, Nevada. The transaction was originated by Ana Ramos, Managing Director in Greystone’s Los Angeles office with Andy Bratt of Newmark Realty Capital acting as correspondent.

The $8 million fixed-rate loan carries a 10-year term with three years of interest only payments and a 30-year amortization period. The property, Nottingham Gardens, is a garden-style apartment and townhome community built in 1974. Since its acquisition in 2015, the current owner has invested in many capital improvements, both interior and exterior. 

“The Freddie Mac Green Advantage® program is an ideal financing solution for properties that can incorporate energy efficient measures with both electricity and water use,” said Ms. Ramos. “The combined benefits of this program yield not only a more efficient building, but also more attractive loan terms for going green. This platform is a win-win for any real estate investor.”

“Greystone’s execution of this loan was superb, from the terms to the communication and transparency from Ana and her team,” said Sarla Gupta, property owner of Nottingham Gardens. “We are so thrilled with the outcome and look forward to working with Greystone on future transactions.”

About Greystone 
Greystone is a real estate lending, investment, and advisory 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. Our range of services includes commercial lending across a variety of platforms such as Fannie Mae, Freddie Mac, CMBS, FHA, USDA, bridge and proprietary loan products. Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC and/or other Greystone affiliates. For more information, visit www.greyco.com

PRESS CONTACT:
Karen Marotta
Greystone
212-896-9149
Karen.Marotta@greyco.com