The Freddie Mac Small Balance Loan Closed in Under 60 Days

Greystone, a real estate lending, investment and advisory company, today announced it has provided a $5,000,000 Freddie Mac Small Balance Loan to finance the acquisition of Greystone Place Apartments in Sacramento, CA. The loan for the property, which is not affiliated with Greystone, was originated by John Tilsch of the company’s San Francisco office.

The Freddie Mac Small Balance Loan carries a 20-year term with a fixed rate for the first five years and one year of interest-only over a 30-year amortization at 73% LTV. Greystone Place is a 120-unit apartment complex located in the premier secondary market in California.

"With its rapid growth in population and employment, Sacramento is becoming one of the strongest rent growth markets in the nation," said Rick Wolf, senior managing director and head of Greystone's small loan lending group. “The client chose Greystone as a repeat lender due to our reputation as a leader in Freddie Mac Small Balance multifamily lending and our in-depth knowledge of the Sacramento market.”