NEW YORK – An affiliate of BLDG Management Co. Inc. has secured a $289.3 million permanent Freddie Mac loan to refinance its multifamily rental building, the Summit, in Midtown Manhattan.
The 10-year, fixed-rate loan, made to BLDG, refinances the original $251 million construction credit facility provided by Bank of China in 2015.
Greystone Capital Advisors' debt advisory team, led by president, Drew Fletcher, represented BLDG and assisted in securing the Freddie Mac financing. Greystone's Jeff Englund, Scott Wallace and Chris Phillips of Greystone managed the loan process and collaborated with Freddie Mac's production manager, Naureen Versi.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
