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WHITE PLAINS, N.Y. — Wells Fargo & Company has closed a $40.3 million Freddie Mac loan to refinance The Gramercy. The Gramercy, located in White Plains, is a 260-unit, luxury apartment complex. Amenities include concierge services, an outdoor swimming pool, a home theatre/media room, a recently upgraded community room with a full kitchen, a fitness room, and a garage with 360 parking spaces. The un-capped ARM loan carries a 7-year term with 30-year amortization. The transaction was originated by Matt Wiener and Terry Livingston, both of Wells Fargo Multifamily Capital out of the New York City office. The Gramercy is owned and operated by Haveland Estates in joint venture with an affiliate of Black Rock.

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