Greystone has provided a total of $15,376,000 in Freddie Mac Optigo® Small Balance Loans (SBL) to refinance seven multifamily communities comprising 187 total units in Jersey City and Newark, New Jersey. The loans were originated by Robert Meehan, Managing Director at Greystone, on behalf of SIG MANAGEMENT LLC.
The financing included:
- A 40-unit building located in Jersey City, New Jersey that received a $3.9 million Freddie Mac SBL loan with a 10-year, fixed-rate term;
- A 19-unit property in Jersey City, New Jersey that received $1.8 million in Freddie Mac SBL financing with a 10-year, fixed-rate term;
- A 26-unit property in Jersey City, New Jersey that received $2.3 million in Freddie Mac SBL financing with a 10-year, fixed-rate term;
- A 13-unit building located in Jersey City, New Jersey that received a $1.4 million Freddie Mac SBL financing with a 10-year, fixed-rate term;
- A 29-unit building located in Jersey City, New Jersey that received $2.9 million in Freddie Mac SBL financing with a 10-year, fixed-rate term;
- A 37-unit building located in Newark, New Jersey that received $2 million in Freddie Mac SBL financing with a 10-year, fixed-rate term; and
- A 23-unit building located in Newark, New Jersey that received a $1.1 million Freddie Mac SBL financing with a 10-year, fixed-rate term.