Greystone Refinances 86-Unit Multifamily Property In Freeport With $3.88M Loan

A multifamily property located at 1001 N Avenue J in Freeport has recently undergone a refinancing transaction. The property consists of 86 units spread over 81,000 square feet. The transaction was facilitated by greystone''>Greystone, with Dan Sacks and Ilan Bassali representing them as lenders. Freeport Meadows is the landlord of this property.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $3,880,000
• Loan Type: Refinance
• Loan Terms: HUD 223(f) 35 year term & amortization, low fixed rate

The key individuals involved in this deal were Dan Sacks and Ilan Bassali from Greystone, who acted as lenders for this refinancing transaction. They successfully completed the loan process for the property located at 1001 N Avenue J, Freeport. The loan amount for this transaction was $3,880,000, and it was a HUD 223(f) loan with a 35-year term and amortization period, offering a low fixed rate.