Greystone Provides HUD/FHA Loan for Central NJ Multifamily
Greystone has provided a $47,250,000 HUD/FHA-insured loan for The View at Middlesex, a 200-unit multifamily community in Middlesex, NJ. The financing was originated by John Williams, Drew Fletcher and Bryan Grover.
The property was developed by Forte Real Estate Development, a vertically integrated real estate development, investment management, and operations firm. Since 2006, Forte has developed more than 2,000 multifamily units and is among the most active developers in Central New Jersey. The firm specializes in the acquisition, repositioning and development of medium- and large-scale residential properties throughout the state.
“The View at Middlesex is a high-quality multifamily asset developed by one of Central New Jersey’s most active and experienced multifamily developers,” said Williams. “HUD-insured financing remains an attractive solution for sponsors seeking long-term, fixed-rate debt, and we were pleased to work alongside Forte Real Estate Development to deliver a financing structure that supports the property’s long-term success.”
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout