Greystone Provides Freddie Loan for New Crown Heights Build

Greystone has provided $54.8 million in Freddie Mac financing for The Dean, located at 1040 Dean St.in Crown Heights, Brooklyn. The loan, an exit from construction financing, was originated by Greystone’s Anthony Cristi.  The Freddie Mac CME financing is specifically designed for new builds nearing stabilization.

Owned by Yoel Goldman of All Year Holdings, The Dean is an 80/20 apartment building at the corner of Dean Street and Franklin Avenue. It includes 24 units reserved for residents earning 60% of the AMI.

“The Dean is a high-quality asset with the added bonus of providing affordable housing to New York City residents, and we are thrilled to have worked with Mr. Goldman on yet another great transaction,” said Cristi.

Added Goldman, “Greystone has been a reliable partner for us on a number of financing transactions, and we look forward to working with them on future deals as our portfolio continues to grow.”

For comments, questions or concerns, please contact Paul Bubnygh-quality asset with the added bonus of providing affordable housing to New York City residents, and we are thrilled to have worked with Mr. Goldman on yet another great transaction,” said Cristi.

Added Goldman, “Greystone has been a reliable partner for us on a number of financing transactions, and we look forward to working with them on future deals as our portfolio continues to grow.”