Capitol Apartments in NYC Gets $45M Loan

NEW YORK—Greystone Servicing Corporation Inc. (Greystone) has provided a $45 million Greystone Servicing Corporation MAH DUS loan for Capitol Apartments, a 278-unit property in New York City. The 10-year, fixed rate loan was originated by Rob Meehan, director, and Brian Liske, managing director in Greystone’s New York City office. It includes a 53 percent loan-to-value (LTV) and a rate of 3.03 percent.

The loan was used to refinance an existing loan on the property, which consists of 250 Section 8 senior housing apartments, 28 market rate apartments and six ground-level retail stores.

“Our knowledge of the local market, combined with a close relationship with Fannie Mae, allowed us to successfully meet our client’s financing needs in an efficient and thorough manner,” said Billy Posey, executive vice president of Greystone Servicing Corporation.

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.