NEW YORK, 

Feb. 06, 2023 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, has provided $15,656,000 in Freddie Mac Optigo® financing to acquire a 208-unit multifamily property in Indianapolis, Indiana. The financing was originated by Miryam Reinitz-Kops, Vice President in Greystone’s New York office. George Tikijian of Cushman & Wakefield acted as correspondent on the transaction.

Constructed in 1989, Trails at Lakeside in Marion County is a garden-style apartment community consisting of six buildings that offer one-, two- and three-bedroom units.

 The $15,656,000 non-recourse, fixed-rate Freddie Mac loan carries a 12-year term and 30-year amortization, with three years of interest-only payments. In addition to the acquisition, loan proceeds enable the borrower to make improvements to the property.

Comments

Post a Comment

Popular posts from this blog

Why do black holes twinkle? Study examines 5,000 star-eating behemoths to find out

Why do black holes twinkle? Study examines 5,000 star-eating behemoths to find out Black holes are bizarre things, even by the standards of astronomers. Their mass is so great, it bends space around them so tightly that nothing can escape, even light itself. And yet, despite their famous blackness, some black holes are quite visible. The gas and stars these galactic vacuums devour are sucked into a glowing disk before their one-way trip into the hole, and these disks can shine more brightly than entire galaxies . Stranger still, these black holes twinkle. The brightness of the glowing disks can fluctuate from day to day, and nobody is entirely sure why.
Read more