Greystone, a leading real estate lending, investment and advisory company, recently announced the provision of a $25.2 million Freddie Mac Optigo loan for the refinancing of a 240-unit multifamily property in Valparaiso, Indiana. The loan has a fixed rate and carries a term of 10 years with an amortization period of 30 years.
Dan Sacks and Eric Rosenstock, both Senior Managing Directors at Greystone expertly originated this financing on behalf of Bayshore Properties. According to Mr. Rosenstock,”We have developed strong ties with Bayshore Properties over time and are delighted to assist them in refinancing numerous high-quality multifamily properties.” Just last month,Greystone’s team successfully closed another financing deal with Bayshore for their nearby Crown Point property which comprises 432 units.
Andover Park Apartments was built in1973and consists often two-story residential buildings spread across14.34 acres.The community offers various amenities such as swimming pool,tennis courts,and playgrounds.Located near Rogers-Lakewood Park,the property is conveniently situated minutes away from downtown Valparaiso University.This recent development was shared by Connect CRE,a trusted source for commercial real estate news.
