Dealmaker: Greystone Provides $18.6M in Freddie Mac Financing for N.C. Property

(Image courtesy of Greystone)

Greystone, New York, provided an $18.6 million Freddie Mac Optigo loan to refinance a multifamily property in Fayetteville, N.C.

The financing was originated by Justin Hechler, Director at Greystone, on behalf of Magma Equities & Prudent Growth.

The non-recourse, fixed-rate loan carries a five-year term and 30-year amortization, with two years of interest-only payments.

The complex is called the Keystone Apartments and features 202 units across 28 buildings. It also boasts numerous amenities, including a clubhouse, fitness center, swimming pool and dog park.