Fixed-Rate, Non-Recourse Solutions for Commercial Real Estate
Greystone’s Commercial Mortgage-Backed Securities (CMBS) loan program provides non-recourse, fixed-rate financing for a wide range of income-producing commercial real estate. With flexible terms and competitive pricing, CMBS loans serve as a compelling alternative to agency and portfolio loan products—especially for borrowers seeking customized, long-term debt solutions.
Backed by decades of capital markets expertise, our CMBS platform rounds out Greystone’s full-service financing suite, empowering clients with creative options for multifamily, retail, office, industrial, and hospitality properties.
Greystone’s Commercial Mortgage-Backed Securities (CMBS) Platform
Multifamily Financing in Brooklyn, NY
THE SITUATION
The owners of 58 Vanderbilt, a newly constructed 9-story multifamily property in the Clinton Hill neighborhood of Brooklyn, New York, were seeking a refinance to strengthen their capital structure and secure long-term financing. The property includes 90 affordable housing units and two ground-floor commercial spaces, totaling 134,985 square feet. With amenities such as a rooftop terrace, business center, recreation room, and bike storage lockers, the asset was well-positioned for long-term success in a competitive market.
THE SOLUTION
Greystone provided a $32 million CMBS loan with a five-year term and a 30-year amortization schedule. The financing was structured at 51 percent loan-to-value, offering a conservative and stable capital solution. The entire process, from application to funding, was completed in just 32 days, reflecting a high level of coordination and execution.
THE RESULTS
The new financing provided the borrower with a long-term, stable capital structure that supports both residential and commercial operations. The low loan-to-value ratio and amortization terms ensure manageable debt service. The speed of execution allowed the client to move forward with confidence. With this financing in place, 58 Vanderbilt is well positioned for continued success in Brooklyn’s evolving real estate landscape.
