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Greystone Provides $42.4M Freddie Mac Refinance Loan For Boise Multifamily Property

Property Image
FINANCED
$42,400,000

Idaho

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MultiFamily
Financed 10/22/2025
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Property Image
FINANCED

Greystone Provides $42.4M Freddie Mac Refinance Loan For Boise Multifamily Property

749 East Park Boulevard

See Similar Deals
MultiFamily
Financed 10/22/2025
the dealplayerscompscontact
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Summary

IDAHO
Asset Type:MultiFamily
Transaction Type:Loan

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

Greystone
Greystone
BROKERAGE
Clint Darby
Greystone
Clint Darby
2 deals$97M volume
LENDER
Greystone
Greystone
LENDER

Details

FINANCED
IMAGE: 10/22/2025 ADDRESS: 749 East Park Boulevard MARKET: Boise, ID ASSET TYPE: MultiFamily ~ UNITS: 237 LENDER: Clint Darby & Andrew Remenschneider - Greystone via Freddie Mac LOAN AMOUNT: $42,400,000 LOAN TYPE: Refinance NOTE: Greystone has provided a $42.4M Freddie Mac loan to refinance Cortland on the River, a 237-unit multifamily property in Boise, Idaho. The deal, originated by Clint Darby and Andrew Remenschneider with BMO Bank as correspondent, supports Cortland’s high-performing 2021-built community featuring modern amenities and strong occupancy.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$42,400,000.00

Monthly NOI$282,666.67
Monthly Debt Service$267,996.84
Change in Cash Flow$0.00
Refinance Proceeds$0.00