Greystone Provides $8.7 Million Freddie Mac Refinance to Public REIT for Oregon Multifamily Complex
June 13, 2016
Greystone announced it 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.”