Greystone Provides $56.32M Refinance Loan For Multifamily Property In Pinehurst, NC

The asset involved in this transaction is a multifamily property located in Pinehurst, NC, comprising 318,910 square feet and consisting of 288 units.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $56,321,000
• Lender: greystone'>Greystone - Freddie Mac
• Loan Type: Refinance
• Loan Terms: 10-year Freddie Mac ($50.07M) + Coterminous Preferred Equity ($6.25M)
• Notable Execution: Greystone provided a Freddie Mac + Preferred Equity execution to recapitalize an existing bridge loan.
• Broker Representation: Harrison Drucker, Dan Sacks & Matthew Zisler – Greystone

The key individuals involved in the transaction include brokers Harrison Drucker, Dan Sacks, and Matthew Zisler, representing Greystone in the financing and refinancing arrangement.