Greystone provides $14 million CMBS financing for three property multifamily portfolio in NY

Brooklyn, NY Greystone has provided a $14 million CMBS loan to refinance a multifamily property portfolio. The financing was originated by Jason Yuen, managing director at Greystone.

The threeproperty portfolio includes 27 units across mixed-use buildings, with ground-floor retail featuring a deli, fish market, nail salon, juice bar, and convenience store. The full-term interest-only CMBS financing carries a five-year term at a competitive fixed rate.

“This deal was a great example of how we can support our repeat clients with customized financing solutions that meet their goals. With the sponsor’s recent capital improvements, we were able to deliver maximum proceeds and structure a full-term interest-only loan that recaptured equity and supports long-term success,” said Yuen.