Greystone, a leading national commercial real estate finance company, announced it has arranged a $47 million lease-up bridge loan on behalf of Namdar Group for 28 Cottage, a new 166-unit class-A multifamily property located in the Journal Square neighborhood of Jersey City, NJ. The new loan was originated by Cerberus RE and used to refinance the original construction loan provided by Centennial in 2019. The property commenced pre-leasing in the fall and received its first TCO in December 2021.
Mill Creek Residential, a leading developer and operator specializing in premier rental communities across the U.S., today announced the upcoming additions of three new restaurants from Happy Endings Hospitality (HEH) Group to Founders Row, a luxury mixed-use community situated in the heart of Falls Church.
Greystone, a leading national commercial real estate finance company, has provided a $17,570,000 Freddie Mac Targeted Affordable Housing (TAH) loan for a 559-unit multifamily property in Tampa, Florida. The transaction was originated by Ryan Harkins, Director at Greystone, on behalf of the Michaels Development Company.
Greystone, a leading national commercial real estate finance company, announced new senior hires on its CMBS platform, Jared Noordyk as Head of Securitization and Natalie Grainger as Chief Credit Officer. Reporting to Greystone’s head of CMBS, Rich Highfield, Mr. Noordyk and Ms. Grainger will lead the group’s proprietary conduit execution strategy for multifamily and commercial assets.