Core Insights - Greystone has provided $32,567,000 in Freddie Mac financing for the acquisition of Aspen Ridge Apartments, a 253-unit multifamily property in West Chicago, Illinois [1] - Mandelbaum & Associates, Inc. contributed $5,500,000 in preferred equity to support the acquisition [2] - The financing structure includes a Freddie Mac conventional loan with a 10-year term, five years of interest-only payments, and a 30-year amortization schedule [3] Company and Property Details - Aspen Ridge Apartments consists of 253 units with amenities such as a clubhouse, fitness center, swimming pool, and outdoor recreational spaces, and has undergone significant capital improvements since its original construction in 1967 [2] - Greystone is recognized as a leader in multifamily and healthcare finance, ranking as a top lender for FHA, Fannie Mae, and Freddie Mac [5] - The acquisition is viewed positively by both Greystone and Bayshore Properties, highlighting the asset's strong fundamentals and potential for operational efficiencies [4]