Greystone Capital Advisors arranges <br>$166.2 million loan for The Core at Station Yards

Ronkonkoma, NY Greystone Capital Advisors provided a $166.205 million Freddie Mac-backed permanent loan on behalf of TRITEC Real Estate Company and The Olayan Group to refinance The Core at Station Yards, a newly delivered, 388-unit, mixed-use residential, office and retail complex. The 10-year, fixed-rate loan was arranged by Greystone Capital Advisors and originated by Greystone Servicing Company LLC as it was a previous refinance construction financing from ING.

Located at 3 Hawkins Ave., The Core defines the next chapter of Station Yards, introducing the first retail and office spaces within the two million s/f, transit-oriented master development adjacent to the Ronkonkoma Long Island Rail Road station. The property features 388 class A rental units, 83,500 s/f of office and retail space, and 1,229 parking spaces. Since its delivery in September 2024, The Core has emerged as one of Long Island’s premier live-work-play destinations, adding critical housing options in a supply-constrained market and curated locally-based retail offerings centered around a downtown square. This setting has become a focal point of connectivity and placemaking for both the surrounding community and the broader Station Yards development.

Greystone Capital Advisors, led by Drew Fletcher, Jesse Kopecky, and Bryan Grover, served as exclusive advisor to the sponsorship team on the transaction.

“We’re proud to have worked with TRITEC and The Olayan Group on this milestone financing for The Core, a signature asset at the heart of one of Long Island’s most impactful master-planned developments,” said Drew Fletcher, president of Greystone Capital Advisors.

“The refinancing reflects the strength of the asset and the continued demand for high-quality housing within thoughtfully designed, transit-oriented communities,” said Jimmy Coughlan, executive vice president and partner at TRITEC Real Estate Company. 

“We’re grateful to Greystone for their efforts to secure financing that supports the long-term success of Station Yards.”