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New York & Tri-State  + Long Island  + Finance  | 
Greystone provided a $203,143,000 Freddie Mac Optigo loan to a TRITEC Real Estate Company affiliate for Alston Station Square, a market-rate rental apartment complex in Ronkonkoma, NY

Greystone Lines Up $203M Financing on Ronkonkoma Rentals 

Greystone provided a $203,143,000 Freddie Mac Optigo loan to an affiliate of TRITEC Real Estate Company for the Alston Station Square, a recently built, six-building, 489-unit Class A market-rate rental apartment complex located at 1000 Mill Rd. in Ronkonkoma, NY. The new 10-year, fixed-rate Freddie Mac loan refinances the original construction loan from Bank of America. 

The Greystone Capital Advisors team led by Drew Fletcher, Matthew Hirsch, Jesse Kopecky, and Tori Colledge served as exclusive advisors on behalf of TRITEC. They assisted in arranging the financing, which was provided by Greystone Servicing through its agency lending team, led by Dan Gillard, who originated the loan from Greystone Servicing. 

Alston is the first phase of The Hub at Ronkonkoma Master Development, a two-million-plus-square foot master plan that the Town of Brookhaven awarded to TRITEC in 2012 to lead the transformation of Ronkonkoma as a regional transportation center for eastern Long Island. 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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