Normandy RE Secures $120.17M Loan From Greystone For 375 Unit Multifamily Acquisition In Chicago

The property involved in this transaction is a MultiFamily asset located at 160 North Elizabeth Street in Chicago, encompassing a total square footage of 540,000 and featuring 375 units.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $120,178,000
• Loan Type: Acquisition
• Loan Terms: Fannie Mae 10 year fixed
• Lender: Greystone
• Landlord: Normandy RE
• Lender's Representatives: Eric Rosenstock & Jesse Yodice - Greystone

Key individuals involved in this deal include the lender Greystone, represented by Eric Rosenstock and Jesse Yodice, who played vital roles in facilitating the acquisition financing for the property.