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