Greystone provided a $11,925,000 Freddie Mac Program Plus Loan for the refinance of The Country Club Apartments in Dallas, PA. The Class B, 120‐unit, garden‐style, multifamily property consists of six two‐story buildings and is located in Dallas, Pennsylvania in Luzerne County. The area provides strong transportation infrastructure and access to regional employment centers. The transaction was sourced by Tri-State Funding.
The Freddie Mac Program Plus loan, originated by Rob Meehan, carries a 7-year floating-rate term with interest-only for two years followed by a 30-year amortization schedule.