Greystone announced it has provided a $16,500,000 Fannie Mae loan to refinance a 92-unit multifamily community in Plainville, Connecticut. The financing was originated by Rob Meehan and Avrom Forman, both Managing Directors at Greystone.
Located in Hartford County, this garden-style multifamily community offers one- and two-bedroom units, and is conveniently located near regional employment centers, retail amenities, and major transportation corridors. This seven-year term, fixed-rate Fannie Mae loan supports the continued stability and performance of the property.
“This financing reflects the continued strength of well-located, stabilized multifamily assets and the value of agency execution in today’s market,” said Mr. Meehan. “We were pleased to provide a Fannie Mae refinancing solution that aligned with our client’s long-term objectives.”
“The property has demonstrated consistent operating performance, and this transaction underscores Greystone’s ability to deliver reliable, efficient capital through our agency lending platform,” said Mr. Forman.