Greystone Closes $901M CRE CLO Backed by Multifamily Loans
Greystone has successfully closed on Greystone CRE Notes 2025-FL4, LLC, a $901.3 million Commercial Real Estate Collateralized Loan Obligation (CRE CLO) backed by bridge loans on multifamily real estate. This marks the company’s seventh CRE CLO transaction overall and its largest to date.
The collateral pool for this transaction consists of 13 whole loans and 15 loan participations, collectively secured by 28 multifamily properties across 16 states. The geographic concentration of the collateral is highest in Georgia (13.5%), followed by New Jersey (11.6%), Texas (10.5%), North Carolina (10.1%), Idaho (6.4%), Maryland (6.4%), and Pennsylvania (6.4%). The actively managed CRE CLO features a three-year reinvestment period.
“Amid market fluctuations over the last several months, Greystone has stayed the course in our commitment to providing financing for quality assets, which is evident by the strong interest from bond investors,” said Ross Gusler, head of corporate finance and capital markets at Greystone.
Lead managers on the transaction included Wells Fargo Securities, Goldman Sachs, J.P. Morgan Securities, ATLAS SP Securities, Natixis Securities Americas, and UBS Securities, while Capital One Securities participated as a co-manager.
