Greystone, a leading national commercial real estate finance company, announced it has assisted Webster Bank N.A. in completing a $303 million Freddie Mac Q-Series securitization. The transaction was collateralized by 19 loans, secured by 31 properties with a total of 1,236 units, all located on the East Coast.

The transaction was led on behalf of Webster Bank by Greystone’s Structured Products Group, including Leena Amin, Senior Managing Director; Greg Darling, Managing Director; and Directors Max Garelick and Scott Fuller.

“This liquidity vehicle is an attractive option for banks with a wide range of multifamily loan types, particularly mission-driven assets such as small balance, LIHTC or preservation loans,” said Ms. Amin, who heads Greystone’s Structured Products Group. “Our specialized team at Greystone has extensive experience in securitizations, offering the necessary expertise to guide loan sellers on capital markets strategies or purchases of commercial real estate loan portfolios directly from the market.”

To learn more about Freddie Mac’s Q-Deals, visit www.mf.freddiemac.com.

Greystone, a leading national commercial real estate finance company, has provided a $26,109,000 Freddie Mac loan to refinance a 180-unit multifamily property in Myrtle Beach, South Carolina. The financing was originated by Avi Kozlowski, Managing Director at Greystone, on behalf of Eskay Management, a repeat client.

Originally constructed in 1998, Reserve at Ridgewood in Horry County is a garden-style apartment community featuring two- and three-bedroom units set across 15 residential buildings. The property’s amenities include a clubhouse, swimming pool, fitness center, laundry facilities, dog park, storage units, playground, grill and picnic area. The $26,109,000 non-recourse, fixed-rate loan features a five-year term and 30-amortization, with interest-only payments for the first two years of the term.

“We’re thrilled when clients come back to Greystone for multiple properties in their portfolios – there is no greater show of trust in our process, platform and multifamily expertise,” said Mr. Kozlowski. “We are committed to achieving the best outcomes for our clients, and work to deliver exceptional solutions seamlessly and quickly every time.”

“Our Greystone team understands our vision for the multifamily properties in our portfolio and they’re determine to ensure we achieve it, every time,” said Mr. Yehuda Shechter, principal of the borrower. “The depth of their market and product knowledge is unparalleled, which is why we consider them as a true partner and collaborator on our transactions.”

Greystone, a leading national commercial real estate finance company, announced it has provided a Freddie Mac loan to refinance a 357-unit multifamily property located in Schaumburg, IL. The financing was originated by Eric Rosenstock and Dan Sacks, both Senior Managing Directors at Greystone, on behalf of Bayshore Properties.

Greystone provided a $55,620,000 five-year, interest-only Freddie Mac Optigo® loan. An additional $6,000,000 in preferred equity funds were provided by 7Acres at closing, totaling $61.6 million for the transaction. 

21 Kristen Apartments is a condo deconversion that the borrower acquired in 2022 and who has since invested over $2.5 million in capital expenditures. The property has 30% of its units reserved for residents at 30% to 80% Area Median Income (AMI). Located in the Chicago MSA submarket of Schaumburg, 21 Kristen is within a neighborhood boasting a mix of municipal/recreational, residential, retail, and office uses. The multifamily property comprises one-, two-, and three-bedroom units and includes community amenities such as a pool, fitness center, and library / meeting room.

“Greystone is a highly reliable lender with an excellent suite of options for borrowers,” said Mr. Nick Kozul, principal, Bayshore Properties. “The Greystone team is beyond dedicated to exceeding expectations and we value our collaboration.”

“It’s been an honor to work with Bayshore Properties over the years and help their portfolio grow in size and strength,” said Mr. Rosenstock. “This recent refinance, which is a take-out of previous Greystone debt, helps set the property up for success as we move toward the next CRE market cycle.”

Greystone, a leading national commercial real estate finance company, has provided a $41,535,000 Freddie Mac Optigo® loan to refinance a 252-unit multifamily property in Winter Park, FL. The financing was originated by Haig Kilicyan and Donny Rosenberg of Greystone on behalf of White Eagle Group.

Crane’s Landing, located in Winter Park FL, is a pristine rental community that has been owned and operated by White Eagle since 2016. Community amenities include a clubhouse, business center, billiards room, swimming pool, fitness center, volleyball court, grilling area, and tennis court. The Freddie Mac financing is a seven-year fixed rate mortgage with five years of interest-only payments and a 35-year amortization.

“Through ongoing investments in property upgrades, White Eagle Group is enhancing living conditions and reinforcing its commitment to affordable housing across its portfolio,” said Abe Spitz of White Eagle Property Group.

“As a testament to the close collaboration with our client, our teams’ expertise and efficiency, and our knowledge and working relationship with Freddie Mac, we were able to close this financing in under 45 calendar days,” said Mr. Kilicyan.

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 Lubert Adler.

The refinanced property is a newly constructed, Class A multifamily community completed between 2021 and 2022. Comprising one-, two-, and three-bedroom units, the property offers residents a range of unique amenities including a saltwater swimming pool, leash-free bark park with agility equipment, outdoor social lounge and grilling pavilion, complimentary Starbucks coffee bar, 24-hour fitness center and yoga room, resident lounge, conference room, cybercafé, Amazon Hub package locker, soft-surface playground, and complimentary Wi-Fi.

“Greystone strives to be a highly collaborative financing partner for our clients, and the availability of our in-house preferred equity services make this much easier to help clients get to the closing table,” said Mr. Drucker. “We are thrilled to have helped our client refinance this quality asset for long-term success.”

Greystone, a leading national commercial real estate finance company, provided a $6,110,000 Freddie Mac Optigo® Targeted Affordable Housing (TAH) loan to finance two permanent supportive living properties in New York City’s Harlem neighborhood. The financing was originated by Avi Lifshitz, a loan originator at Greystone, on behalf of David Levitan of Liberty One Group.

The multifamily shelters, located on West 133^rd Street and operated by non-profit Urban Resource Institute in partnership with NYC’s Department of Homeless Services, are comprised of 34 individual residential units across two contiguous five-story walk-up buildings. The unit mix includes studio, one-, and two-bedroom units, and all units contain private bathrooms and kitchens.

“Greystone aims to not only be a leading provider of financing for affordable housing, but to be active experts in all areas of mission-driven housing and the various ways it can be both supported and created,” said Steve Rosenberg, founder and CEO of Greystone. “We appreciate the close collaboration with Freddie Mac, which absolutely aligns with our mission to help secure much-needed quality housing for individuals across New York City and beyond.”

“As a core element of our mission and Equitable Housing Finance Plan, Freddie Mac works to help advance equity, affordability and sustainability for families in traditionally underserved communities,” said Peter Lillestolen, Vice President, Multifamily Production & Sales, Targeted Affordable Housing. “Permanent Supportive Housing is a critical solution for a vulnerable population, and we are proud to be part of creative, intentional partnerships like this one, where we can come together to bring supportive living communities to life.”