Greystone provided $13,355,000 in Freddie Mac financing for a 24-unit apartment building in Williamsburg, Brooklyn. The loan was originated by Anthony Cristi of Greystone’s New York office.
The refinanced property, located at 310 Graham Avenue, was constructed in 2016. The new conventional Freddie Mac loan on the property represents a permanent exit from construction financing, and carries a 7-year term, 2 years of Interest-only, and a 30-year amortization. The newly-built market-rate rental property includes a roof deck, fitness center, resident lounge, and private parking.