158
NEW YORK CITY — Greystone has arranged $11.7 million in Fannie Mae loans to refinance a portfolio of multifamily properties in Brooklyn. The four-property portfolio is located at 867-869 Knickerbocker Ave., 221 Himrod St., 299 Throop Ave. and 634 Wilson Ave. The refinancing included four separate Fannie Mae loans, which are all seven-year hybrid adjustable-rate mortgages (ARMs). The loan proceeds will be used for value-add improvements to the properties. Anthony Cristi in Greystone’s New York office secured the financing on behalf of borrower Zalmen Wagschal.