Greystone has provided a $25.239 million Freddie Mac Optigo® loan to refinance a 240-unit multifamily property in Valparaiso, Indiana.
The financing was originated by Dan Sacks and Eric Rosenstock, both Senior Managing Directors at Greystone, on behalf of Bayshore Properties
Constructed in 1973, Andover Park Apartments comprises 10, two-story residential buildings spread across 14.34 acres. The property’s amenities include a swimming pool, tennis courts, and playground. The $25.2 million Freddie Mac loan carries a 10-year term at a fixed rate and a 30-year amortization.
