Dealmaker: Greystone Provides $104M in Freddie Mac Financing for Two Multifamily Properties

(Illustrations courtesy of Greystone)

Greystone provided $103.7 million in Freddie Mac Optigo loans to refinance two multifamily communities in Tamarac, Fla. and Birmingham, Ala.

The financing was originated by Haig Kilicyan and Donny Rosenberg of Greystone for White Eagle Property Group, Airmont, N.Y.

Midora at Woodmont, owned and operated by White Eagle since 2016, is a 199-unit community in Tamarac secured by a $37.3 million loan.

Avenues of Inverness is a 586-unit community in Birmingham secured by a $66.4 million loan. White Eagle has owned and operated the property since 2018.

The Freddie Mac loans for both properties carried seven-year terms at a fixed rate with five years of interest-only payments and 35-year amortizations. 

“Both of these transactions were index locked within 24 hours of their executed applications,” Kilicyan noted.