Transactions

The $59,550,000 bridge loan from Greystone features a 24-month term with two six-month extensions and is interest-only. Seaview Estates is a four-building apartment complex that will be preserved by the new owners in order to maintain precious affordable housing stock in New York City. Located near the water, the property includes private, landscaped inner courtyards for residents, as well as a fitness center and laundry facilities. The Greystone team will work with the new owners to transition the property to permanent HUD-insured financing for a long-term mortgage solution.