
Greystone Delivers $116M to Refi Mission-Driven MF Portfolios in SoCal
New York-based Greystone provided $116,439,707 in mission-driven Freddie Mac loans to refinance three separate portfolios consisting of 34 total workforce housing properties in Los Angeles. The transactions were originated by Greystone’s Dale Holzer in the Newport Beach office.
The first financing, $45,228,000 of five-year hybrid loans, refinances 301 residential units across seven properties in Los Angeles’ Koreatown neighborhood.
The second financing package includes $43,111,707 in total loans to refinance 16 multifamily properties comprising 193 residential units in Los Angeles’ Westside region. JLL’s Marc Schillinger served as advisor to the borrowers for both transactions.
The third recent financing originated by Holzer includes $28,100,000 in total loans with a 10-year term, for a portfolio of 11 multifamily properties with 302 units in the Baldwin Village neighborhood of Los Angeles. George Smith Partners’ Jonathan Lee served as advisor to the borrower in the transaction.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing