Dealmaker: Greystone Closes $56M in North Carolina Refinance

(Image courtesy of Greystone)

Greystone, New York, announced it closed a Freddie Mac loan and preferred equity component totaling $56.3 million to refinance a multifamily property in North Carolina.

Greystone provided a $50.07 million 10-year Freddie Mac Optigo loan with an additional $6.25 million in preferred equity funds provided by Lubert Adler.

The financing was originated by Dan Sacks, Senior Managing Director, and Harrison Drucker, Director at Greystone, with Matthew Zisler, Senior Managing Director at Greystone, securing the preferred equity on behalf of the client.

The property is a newly constructed multifamily community with 288 units one-, two- and three-bedroom units and a number of amenities.