Greystone Refinances SoCal Multifamily Portfolio for $41.6 Million
October 4, 2017
Greystone announced it has provided $41,648,000 in Fannie Mae financing on a Malik Corporation property portfolio in Southern California. The loans were originated by Matt Stevens of Greystone’s San Diego office with Don Salka of First Pacific Financial acting as correspondent on the transaction.
The refinanced properties, which all contain between 8 and 32 units, all received 10-year fixed rate Fannie Mae small loans. The Class “A” properties are located in Brentwood, Studio City, Beverly Hills adjacent, Century City, and Hancock Park.
“Fannie Mae’s small loan platform is increasingly competitive, offering a number of advantages for property owners to refinance an entire portfolio of holdings at one time,” said Mr. Stevens. “We appreciate the opportunity to help the Malik Corporation optimize their portfolio and take advantage of the fantastic terms offered by Fannie Mae.”
“Greystone has proven to be a reliable and trusted partner, and we appreciate their guidance and ability to execute on all levels,” said Mr. Salka.