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Greystone Provides $115 Million Freddie Mac Financing for Multifamily Community in Des Plaines, Illinois
Globenewswire· 2026-02-18 20:41
Core Insights - Greystone has provided a $115 million Freddie Mac loan to refinance Courtlands on the Park, a multifamily apartment community in Des Plaines, Illinois [1][2] - The loan features a 5-year term, 30-year amortization, and three years of interest-only payments, refinancing previous bridge financing from 2019 [2] Company Overview - Greystone is a national commercial real estate finance company recognized as a leader in multifamily and healthcare finance, ranking as a top lender for FHA, Fannie Mae, and Freddie Mac [4] - The company operates through various affiliates, including Greystone Servicing Company LLC and Greystone Funding Company LLC [4] Property Details - Courtlands on the Park consists of 918 units across 153 buildings, featuring one- and two-bedroom apartments that have been recently renovated [2] - The property offers amenities such as a playground, dog park, grilling stations, and on-site parking [2] Client Relationship - CLK Properties, the borrower, is a repeat client of Greystone, indicating a strong ongoing partnership [1][3] - The CEO of CLK Properties expressed appreciation for Greystone's commitment to excellence and client care in multifamily financing [3]