Greystone provided $22,134,000 in Freddie Mac financing on a 12-property portfolio in Brooklyn, NY. The refinanced properties, which all contain between five and 12 units, all received 5-year fixed rate Freddie Mac Small Balance Loans which include an additional 15-years floating and 1 year of interest-only at 80% LTV. The property owner, Yoel Goldman, received $9.6 million in cash-out proceeds and plans to reinvest capital into each property.
The Brooklyn properties included:
- 165 Central Avenue
- 1358 Dekalb Avenue
- 145 Driggs Avenue
- 136 Kingsland Avenue
- 146 Skillman Street
- 161 Troutman Street
- 191 Troutman Street
- 163 Troutman Street
- 54 Lewis Avenue
- 11 Gunther Place
- 1136 Willoughby Avenue
- 189 Menahan Street