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Greystone Arranges $143M Refi for RXR Rentals in Brooklyn
Greystone arranged a $143,100,000 permanent loan for affiliate entities of RXR Realty to refinance 475 Clermont, a multifamily rental building located at the intersection of Fort Greene, Clinton Hill, and Prospect Heights in Brooklyn.
The Greystone Capital Advisors debt advisory team, led by Drew Fletcher and Matthew Hirsch, served as exclusive advisor to RXR. The new 10-year, fixed-rate loan was provided by an affiliate entity of MetLife Investment Management and refinances a $125,000,000 construction credit facility from JPMorgan and People’s United Bank that was also arranged by Greystone in 2017.
“We appreciate our collaborative relationship with financial partners like Greystone,” said RXR Realty’s president, Michael Maturo. “Their commitment to 475 Clermont – from construction to long-term financing – further supports RXR’s vision and success in creating enduring value to the communities in which we develop and operate.”
- ◦Financing
