Greystone Secures $30 Million Freddie Mac Financing for Iconic Property
Greystone Secures $30 Million Freddie Mac Financing
Greystone, a prominent name in commercial real estate finance, has successfully closed a substantial $30 million Freddie Mac Conventional loan for the well-known Sloane Chelsea. This notable financing was facilitated by Robert Meehan, Managing Director at Greystone, underscoring the company's commitment to supporting multifamily housing.
The Sloane Chelsea: A Historic Multifamily Property
Sloane Chelsea is a remarkable 266-unit high-rise multifamily property that was originally constructed in 1930 and underwent a complete renovation in 1996. The multifamily offering presents a diverse mix of studio, one-, two-, and three-bedroom units, ensuring that it meets the needs of various residents. Among the many upscale amenities, tenants enjoy access to a fitness center, laundry facilities, private storage options, and a 24-hour attended lobby.
Recent Upgrades Enhancing Property Value
Recent renovations have improved 180 units, significantly elevating the living experience at Sloane Chelsea. Alongside this, planned elevator modernization is on the horizon, which will further enhance functionality and value.
A Testament to Long-Term Ownership
Robert Meehan stated, "Sloane Chelsea is a prime example of long-term ownership and stewardship of a historic New York asset. We are pleased to provide our financing solution, enabling the Kibel and Gardner families to continue enhancing the property’s value while ensuring financial flexibility." This speaks to the company’s ability to identify and support real estate assets that reflect a blend of history and modern living.
About Greystone and Its Mission
Greystone stands out as a private national commercial real estate finance company, recognized as a leader in multifamily and healthcare finance. The company has established a remarkable track record, ranking amongst the top FHA, Fannie Mae, and Freddie Mac lenders in these sectors. Loans are extended through Greystone Servicing Company LLC, Greystone Funding Company LLC, and various other Greystone associates, demonstrating a robust network committed to real estate finance.
Contact Information for Inquiries
For those seeking more information, Fran Del Valle from Influence Consulting Group is the contact for Greystone. He can be reached at fran@influencecentral.com. The company's official website, which contains further insights into their services, can be found at www.greystone.com.
Frequently Asked Questions
What is the significance of the $30 million funding?
The funding will facilitate improvements and renovations at Sloane Chelsea, a historic multifamily property.
Who originated the financing for Greystone?
The financing was originated by Robert Meehan, a Managing Director at Greystone.
What amenities does Sloane Chelsea offer?
It offers upscale amenities, including a fitness center, laundry facilities, and a 24-hour attended lobby.
When was Sloane Chelsea originally constructed?
Sloane Chelsea was originally built in 1930 and fully renovated in 1996.
How can I contact Greystone for more information?
Contact Fran Del Valle via email at fran@influencecentral.com.
About The Author
Contact Ryan Hughes privately here. Or send an email with ATTN: Ryan Hughes as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.