NEW YORK, March 01, 2016 (GLOBE NEWSWIRE) -- Greystone, a real estate lending, investment and advisory company, today announced it has provided a Freddie Mac Program Plus loan to Providence Investments for the acquisition of an apartment community in Alabama. The loan was originated by John Williams and Abe Spira of Greystone. The loan carries a five year fixed-rate term with one year interest only.
"We are pleased that we were able to provide the borrower with a financing solution tailored to their needs through Freddie Mac’s Program Plus loan product,” said Joe Mosley, Executive Managing Director and head of Agency lending at Greystone. “Our sound relationship and experience with Freddie Mac and its products has equipped us to do this in the most targeted and creative ways."
“Greystone has proved a trusted partner through this process. In addition to guiding us through Freddie Mac, they were instrumental in helping Providence Investments raise additional limited partner equity,” said John Mejia, Founder and Managing Partner, Providence Investments. “We are excited to continue working on additional deals with Greystone as we continue to expand our portfolio across the Southeast.”
Greystone provides mortgage finance solutions across multiple platforms, including FHA, Fannie Mae, Freddie Mac, USDA, CMBS, bridge, mezzanine and other proprietary loan programs.
Greystone is a real estate lending, investment and advisory company with an established reputation as a leading commercial mortgage lender, consistently ranking as a top FHA and Fannie Mae lender in multifamily and healthcare financing. Our range of services includes commercial lending across a variety of platforms such as Fannie Mae, Freddie Mac, CMBS, FHA, USDA, bridge and proprietary loan products. Loans are offered through Greystone Servicing Corporation, Inc., Greystone Funding Corporation and/or other Greystone affiliates. For more information, visit www.greyco.com.
PRESS CONTACT: Aziree Pemberton Greystone 212-896-9150 APemberton@Greyco.com