REBusinessOnline

Greystone Arranges $50M Loan for Refinancing of Brooklyn Multifamily Building

house-954-williams-ny

House No. 94 offers 75 units of mixed-income housing as well as retail and outdoor space.

NEW YORK CITY — Greystone has arranged a $50 million bridge loan for the refinancing of  House No. 94, a recently constructed 75-unit multifamily building in the Williamsburg neighborhood of Brooklyn. An affiliate of Ares Management LLC provided the five-year, variable-rate loan to the borrower, an affiliate of Hudson Cos. Inc. Completed in 2018, the property offers mixed-income housing, ground-floor retail space and amenities including a 12,000-square-foot courtyard, tenant lounge and fitness center.

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