FINANCEDMultiFamily
Greystone Provides $42.4M Freddie Mac Refinance Loan For Boise Multifamily Property
749 East Park Boulevard
$42,400,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 22, 2025
AI
The asset involved in this transaction is a multifamily property located at 749 East Park Boulevard in Boise, ID, comprising 237 units. The loan amount for this refinance transaction is $42,400,000, facilitated through Freddie Mac. The property was built in 2021 and is noted for its modern amenities and strong occupancy.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $42,400,000
- Address: 749 East Park Boulevard
- Market: Boise, ID
- Units: 237
- Lender: Clint Darby & Andrew Remenschneider - Greystone via Freddie Mac
- Loan Type: Refinance
This refinance deal was originated by Clint Darby and Andrew Remenschneider, representing Greystone, with BMO Bank acting as the correspondent in the transaction. The financing supports Cortland's operational needs for the property, reinforcing its market presence in the Boise multifamily sector.
Players
Boise MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93