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Greystone Provides $32.5 Million in Freddie Mac Financing to Bayshore Properties for Acquisition Aspen Ridge Apartments in West Chicago, Illinois
Globenewswire· 2026-03-31 13:30
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]
Why Preferred Equity Is The Foundation Of My Retirement Income Portfolio
Seeking Alpha· 2025-12-12 13:30
Group 1 - The article discusses the author's investment strategy focused on acquiring preferred equity, which is highlighted as a distinct investment type [1] - The service "High Dividend Opportunities" aims to provide sustainable income through high-yield investments, targeting a safe yield of over 9% [1] - The service includes features such as a model portfolio with buy/sell alerts, preferred and baby bond portfolios for conservative investors, and regular market updates [1] Group 2 - The author has a beneficial long position in specific preferred shares, indicating a personal investment interest in the discussed securities [2] - The article emphasizes that recommendations are closely monitored, with buy and sell alerts provided exclusively to members [3]