Greystone has closed a $18,573,000 permanent Freddie Mac loan to acquire a 200+ unit multifamily community outside of Kansas City, MO. The loan was originated by Adam Lipkin, Vice President in Greystone’s New York office.
Originally built in the 1980s, the propertyis a garden-style apartment community that offers one- and two-bedroom units. The $18.6 million non-recourse, fixed-rate loan carries a 10-year term and 30-year amortization, with five years of interest-only payments.
“Clients turn to Greystone for our unique level of multifamily expertise and insights, which stem from our extensive industry experience and deep lending platform,” said Mr. Lipkin. “We are committed to helping our clients succeed and work tirelessly to find the right financing for every transaction.”