NEW YORK, May 18, 2020 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate lending, investment, and advisory company, has provided $116,439,707 in mission-driven Freddie Mac loans to refinance three separate portfolios consisting of 34 total workforce housing properties in Los Angeles, California. The transactions were originated by Dale Holzer, managing director in Greystone’s Newport Beach office.

The first financing, $45,228,000 of five-year hybrid loans, refinances 301 residential units across seven properties in Los Angeles’ Koreatown neighborhood. The second financing package includes $43,111,707 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 transactions.

The third recent financing originated by Mr. Holzer includes $28,100,000 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.

“We’re thrilled to help our clients secure more favorable financing terms and also monetize the existing equity in their portfolio, which is what happened with all of these transactions,” said Mr. Holzer. “Our team loves being able to show how our flexibility and deep understanding of the local market can enable even the most complicated portfolio transactions to be executed seamlessly and without delay.”

About Greystone

Greystone is a real estate lending, investment, and advisory company with an established reputation as a leader in multifamily and healthcare finance, having ranked as a top FHA, Fannie Mae, and Freddie Mac lender in these sectors. 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 Company LLC, Greystone Funding Company LLC and/or other Greystone affiliates. For more information, visit www.greyco.com.