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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.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Financing
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