Greystone, a leading national commercial real estate finance company, announced it has arranged a $35 million loan on behalf of an affiliate of BLDG Management Group for Stella Residences, a 45-unit class-A multifamily project in the East Village submarket of Manhattan. BHI (Bank Hapoalim B.M) provided the bridge loan, refinancing its existing construction loan for the asset. Greystone’s Drew Fletcher, Matthew Klauer and Jesse Kopecky served as exclusive advisor in arranging the financing on behalf of BLDG.

Mill Creek Residential, a leading developer and operator specializing in premier rental communities across the U.S., today announced preleasing is underway at Modera Washington, a mixed-use apartment community located along Washington Avenue adjacent to the Old Sixth Ward Historic District.

Beatrice Row, in Coral Gables, Florida was designed by De La Guardia Victoria Architects & Urbanists and developed by MG Developer 

Greystone, a private national commercial real estate finance company, announced it provided a $203,143,000 Freddie Mac Optigo® loan made 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 Road in Ronkonkoma, New York, which is situated in the Town of Brookhaven in Suffolk County, Long Island. 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 the Sponsor and 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.

Greystone, a leading national commercial real estate finance company, has provided a $14,920,000 HUD-insured loan to refinance a 116-unit affordable housing property in Westerly, Rhode Island. The transaction was originated by Lisa Fischman, Managing Director in Greystone’s New York office.

Chicago, IL – January 31, 2022 – American Street Capital (“ASC”) announced today that it has arranged a $3,080,000 cash-out refinance bridge loan for a 100-unit multifamily building in Shaker Heights, OH.

Aurora, Colo. – Privately-held real estate investment firm 29th Street Capital (29SC), has rebranded Parq at Iliff Station, a 424-unit, Class A+ luxury apartment community, as “Avail” Modern Living. The firm acquired the community, located in the Southeast Aurora submarket of Denver, in June 2021 for $134 million. 

ORLANDO (January 6, 2022) – Berkadia announces it has secured financing for Eagle Property Capital (EPC) to acquire a two-property multifamily portfolio in Orlando, Florida with a combined total of 310 units. The properties are Carlyle Court and Pendelton Park Villas, located across the street from each other.  EPC will consolidate operations and rebrand the entire community under the name “Sunset Place” and will implement a thorough repositioning strategy for both properties.

HOUSTON (January 19, 2022) – Berkadia has arranged the contribution and finance of the Southstar Sunbelt Multifamily Portfolio, a four-property portfolio consisting of 1,115 apartment units in Texas and Florida. Senior Managing Directors Chris Curry and Todd Marix, along with Managing Directors Jeffrey Skipworth, Joey Rippel and Chris Young and Director Kyle Whitney of Berkadia Houston, marketed the portfolio on behalf of Southstar Properties. MLG Capital is the buyer.