Greystone Provides $49.6M Loan For Pine Hill Multifamily Property

A multifamily property located at 320 W Branch Ave in Pine Hill, NJ has recently closed a loan transaction. The loan, provided by greystone''>Greystone and represented by Dan Sacks, amounted to $49,575,000. It has a 10-year term and a 30-year amortization, with the first five years featuring interest-only payments. The property consists of 484 units.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $49,575,000
• Address: 320 W Branch Ave, Pine Hill, NJ
• Lender: Greystone - Dan Sacks
• Landlord: Goldcrest Management - Hillel Hertz

Dan Sacks represented Greystone in providing the loan for this multifamily property in Pine Hill, NJ. Hillel Hertz, acting as the landlord for Goldcrest Management, oversaw the transaction. This successful deal highlights the collaboration between the financial and management sides of the real estate industry.