Greystone Provides $15.3M Agency Loan for Refinancing of Multifamily Asset in Fall River, Massachusetts

by Taylor Williams

FALL RIVER, MASS. — Greystone has provided a $15.3 million Fannie Mae loan for the refinancing of a historic, 103-unit multifamily asset in Fall River, located near the Massachusetts-Rhode Island border. Commonwealth Landing was originally built in the 1880s as a cotton mill and was converted into a multifamily complex with one-, two- and three-bedroom units in 2016. Shana Daby of Greystone originated the fixed-rate, nonrecourse loan, which features three years of interest-only payments, on behalf of the borrower, an entity doing business as Mechanics Mill Two LLC. Michael Corso of Kingston Capital provided debt advisory services.

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