Fillmore Gardens Apartments
Lending - Freddie Mac - $2.6M
Greystone closed a $2,627,000 Freddie Mac Small Balance Loan for the refinance of Fillmore Gardens Apartments located in Hollywood, FL – a Freddie Mac top market. The loan for the 38-unit garden-style apartment community is a 5-year fixed rate loan with a 30-year amortization and a 5,4,3,2,1 step-down prepayment structure. The first year of the loan is interest-only. The loan was originated by Vincent Langan of Greystone’s Birmingham, AL office, and the transaction was brought to Greystone by Jordan Hopkins of Northmarq Capital.