Greystone provides $41m in Freddie Mac financing for multifamily property in Florida

Greystone has provided a $41.5 million Freddie Mac Optigo loan to refinance a 252-unit multifamily property in Winter Park, Fla. The financing was originated by Greystone on behalf of White Eagle Group.

Crane’s Landing is a rental community that has been owned and operated by White Eagle since 2016. Community amenities include a clubhouse, business center, billiards room, swimming pool, fitness center, volleyball court, grilling area and tennis court. The Freddie Mac financing is a seven-year, fixed-rate mortgage with five years of interest-only payments and a 35-year amortization.

“Through ongoing investments in property upgrades, White Eagle Group is enhancing living conditions and reinforcing its commitment to affordable housing across its portfolio,” said Abe Spitz, CEO at White Eagle Property Group.