NEW YORK, NY – Greystone, a leading national commercial real estate finance company, has provided a total of $ 15,315,000 in HUD-insured loans to refinance a portfolio of three Connecticut apartment buildings of 278 units. The loans were granted by Leor Dimant, Managing Director at Greystone.
Each of the non-recourse, permanent FHA loans have a low fixed rate and a 35 year term and amortization. The loans refinance the real estate’s existing debt and allow the borrower to continue the ongoing real estate improvements. The trio of refinanced properties are located in New Britain, Meriden and Middletown.
“Greystone thrives on exceeding expectations with our extensive credit platform and our commitment to close deals quickly in a developing market,” said Mr. Dimant. “Our clients know we will work hard to help them capitalize on the current low interest rate environment and secure HUD-insured funding, and it is our passion for their portfolio that brings them back.”
About Greystone: Greystone is a privately held national commercial real estate finance company with an established reputation as a leader in multi-family and healthcare finance, ranked as one of the top FHA, Fannie Mae and Freddie Mac lenders in these sectors. Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC, and / or other Greystone affiliates. More information is available at www.greystone.com