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5/19/20
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Here’s a quick Freddie Mac multifamily financing update, as Greystone has provided $116.4 mil in Freddie Mac loans to refinance three separate portfolios. The portfolios contained a total of 34 workforce housing properties, all in Los Angeles. The transactions were originated by Greystone’s Dale Holzer.
The first financing, consisting of $45.2 mil in five-year hybrid loans, refinances 301 residential units across seven properties in Los Angeles’ Koreatown neighborhood. The second financing package includes $43.1 mil in total loans to refinance 16 multifamily properties comprising 193 residential units in Los Angeles’ Westside region. Marc Schillinger of JLL served as advisor to the borrowers for both of these deals.
The third financing includes $28.1 mil in total loans with a 10-year term, for a portfolio of 11 multifamily properties with 302 units in the Baldwin Village neighborhood of Los Angeles. Jonathan Lee of George Smith Partners served as advisor to the borrower in the transaction.
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