The new 10-year, fixed-rate loans refinance the original acquisition bridge financing provided by Greystone in March 2020.
The portfolio, originally acquired for $70 million, consists of Centerpointe Apartments & Townhomes with 295 units in Canandaigua, NY; Willowbrooke Manor Apartments with 160 units in Brockport, NY; and Highview Manor Apartments & Townhomes with 314 units in Fairport, NY.