REBusinessOnline

Greystone Provides $15.3M Fannie Mae Loan for Refinancing of Multifamily Asset in New Jersey

Kingsrow-Apartments-Lindenwold-New-Jersey

Kingsrow Apartment Homes in Lindenwold, New Jersey, totals 208 units. The property was built in 1971.

LINDENWOLD, N.J. — Greystone has provided a $15.3 million Fannie Mae loan for the refinancing of Kingsrow Apartment Homes, a 208-unit multifamily community in Lindenwold, a suburb of Philadelphia. The garden-style property was built in 1971 and features one- and two-bedroom units and amenities such as a pool, picnic areas and onsite laundry facilities. Dan Sacks of Greystone originated the transaction. The loan carries a 12-year term, 30-year amortization schedule and three years of interest-only payments. Jack Miller of Platinum Capital Group placed the financing on behalf of the borrower, Goldcrest Properties.

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