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New York Investor Secures Financing for 1,700-Unit MF Portfolio
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New York-based Greystone provided $74.5 million in Freddie Mac financing for a 16-property portfolio of multifamily assets located throughout Virginia. The separate loans for the various affordable housing and market-rate rental properties were originated by Greystone’s Dan Sacks on behalf of New York-based The Lightstone Group.
The portfolio is comprised of 1,768 units serving a cross-section of multifamily housing needs, including student housing, affordable housing, and workforce housing. Located throughout the I-81 corridor and in southern Virginia, the properties offer immediate access to Roanoke, Harrisonburg, Blacksburg and Virginia Beach.
Greystone provided a combination of both affordable and conventional market-rate Freddie Mac loans, each with 10-year terms.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing

