NEW YORK, June 13, 2016 (GLOBE NEWSWIRE) -- Greystone, a real estate lending, investment and advisory company, today announced it has provided a $8,667,000 Freddie Mac loan to one of the largest public REITs in the nation to refinance a Class A mid-rise multifamily apartment community in Gresham, OR. The loan was originated by Dale Holzer, a Managing Director at Greystone.
The loan carries a 10-year fixed-rate term with 10 years of interest-only. The mixed-use property, located in the Portland MSA, consists of 81 units with multiple amenities and five ground floor commercial units built in 2006.
“Our sound relationship and experience with Freddie Mac and its products equipped us to provide the client with a financing solution tailored to their needs,” said Joe Mosley, Executive Managing Director and head of Agency lending at Greystone. "We look forward to growing our relationship with this client to assist them in meeting the growth and acquisition goals of their robust and ever-expanding portfolio.”
Greystone provides mortgage finance solutions across multiple platforms, including FHA, Fannie Mae, Freddie Mac, USDA, CMBS, bridge, mezzanine and other proprietary loan programs.
About Greystone
Greystone is a real estate lending, investment and advisory company with an established reputation as a leading commercial mortgage lender, consistently ranking as a top FHA and Fannie Mae lender in multifamily and healthcare financing. 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 Corporation, Inc., Greystone Funding Corporation and/or other Greystone affiliates. For more information, visit www.greyco.com.