Lending - Freddie Mac - $1.2M
Greystone closed a $1,200,000 Freddie Mac Small Balance Loan for the refinance of a 6-unit multifamily property on Grove Street in Brooklyn, NY. The apartment building is owned and managed by a local and experienced property owner and manager. The transaction was sourced by Providential Resources.
The Freddie Mac Small Balance loan, originated by Rob Meehan, carries a 5-year term with 5-years interest-only and 30-year amortization.