NEW YORK, Dec. 20, 2021 (GLOBE NEWSWIRE) – Greystone, one of the nation’s leading commercial real estate finance companies, has provided $ 49 million in Freddie Mac financing for a multi-family property in Los Angeles, California. Funding was initiated by Tony Spaeth and Trip Going of Greystone.
The Freddie Mac conventional loan of $ 49,000,000 has a 10-year term with interest payments only for the first 5 years, plus a 30-year amortization period. Built in 2020, the multi-family community comprises 186 units.
“We are excited to be able to help our clients access the right financing through our extensive platform,” said Spaeth. “Greystone’s extensive experience in financing multi-family properties allows us to manage a variety of capital needs. “
“We are grateful to the Greystone team for working with Freddie Mac to find the right conditions and we look forward to expanding this property to support other residents in the Los Angeles market,” said the principal of the borrower.
Greystone is a national private commercial real estate finance company with an established reputation as a leader in multi-family and healthcare finance, having been ranked among the top lenders by FHA, Fannie Mae and Freddie Mac in these sectors. Loans are offered by Greystone Servicing Company LLC, Greystone Funding Company LLC and / or other companies affiliated with Greystone. For more information, visit www.greystone.com.