Greystone Capital Management, an investment management firm, published its third-quarter 2021 investor letter – a copy of which can be downloaded here.
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Greystone Closes $55 Million Freddie Mac Loan to Refinance Grubb Properties’ 344-Unit Multifamily Property in Winston-Salem, NC
NEW YORK, May 10, 2021 (GLOBE NEWSWIRE) Greystone, a private national commercial real estate finance company, announced today it provided a $54,934,000 permanent Freddie Mac loan to an affiliate of Grubb Properties to refinance a recently constructed and stabilized 344-unit Class A multifamily property in the heart of Innovation Quarter in Winston-Salem, North Carolina.
The new 15-year, fixed-rate loan is a permanent takeout of the construction financing arranged by Greystone in 2018. Drew Fletcher, Paul Fried, and Matthew Hirsch originated both the construction and the permanent financing on behalf of Grubb.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Greystone Closes $55 Million Freddie Mac Loan to Refinance Grubb Properties’ 344-Unit .
GreystoneMay 10, 2021 GMT
NEW YORK, May 10, 2021 (GLOBE NEWSWIRE) Greystone, a private national commercial real estate finance company, announced today it provided a $54,934,000 permanent Freddie Mac loan to an affiliate of Grubb Properties to refinance a recently constructed and stabilized 344-unit Class A multifamily property in the heart of Innovation Quarter in Winston-Salem, North Carolina.
The new 15-year, fixed-rate loan is a permanent takeout of the construction financing arranged by Greystone in 2018. Drew Fletcher, Paul Fried, and Matthew Hirsch originated both the construction and the permanent financing on behalf of Grubb.