Drew Fletcher, Greystone Capital Advisors president
NEW YORK CITY—The joint venture of Rose Associates and Benenson Capital Partners refinanced Hoyt & Horn, their new 26-story rental tower at 210 Livingston St. in Downtown Brooklyn for $179 million. The 386-unit building is a mixed-income, multifamily residential complex.
Greystone Capital Advisors negotiated the 15-year, fixed-rate loan provided by Wells Fargo Multifamily Capital. It was structured as a direct purchase of tax-exempt and taxable bonds issued through the New York State Housing Finance Agency's “80/20” Housing Program with secondary market credit enhancement. The new permanent loan replaces the original $158 million construction facility provided by J.P. Morgan and Suntrust Bank.
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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.
