NEW YORK CITY—David Brickman, executive vice president and head of Freddie Mac, tells GlobeSt.com that the $129-million dollar transaction with Sabal Capital Partners, LLC serving as the lender ensures that the Emerald Equity Group's multifamily apartments are preserved as workforce housing in the Bronx.
“This is the largest Small Balance Loan transaction in Freddie Mac SBL history, and it underscores the flexibility, responsiveness and streamlined process that are synonymous with our program,” says Brickman.
On an aggressive schedule, Sabal Capital Partners, LLC analyzed, underwrote and closed on time, each of Emerald Equity Group's 34 refinance loans, encompassing more than 850 affordable rental units at 34 properties.
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
