Hudson County Apartments Land $21M FHA/HUD Refi
Greystone provided a $20,766,500 FHA/HUD-insured loan to refinance HELIO Apartments, a newly completed 69-unit property in Kearny, NJ. The financing was originated by senior managing director Eric Rosenstock and director Jesse Yodice at Greystone, in collaboration with Alan Blank, managing director of Cushman & Wakefield’s Equity, Debt & Structured Finance (EDSF) team.
“Greystone is pleased to deliver a long-term FHA/HUD financing solution that supports the successful stabilization of HELIO Apartments,” said Yodice. “Working alongside Cushman & Wakefield’s EDSF team, we were able to structure a loan that aligns with the client’s objectives and the property’s strong fundamentals.”
Blank added, “The collaboration between Greystone and Cushman & Wakefield’s EDSF platform enabled an efficient execution for this high-quality asset. HELIO represents a strong addition to the Kearny multifamily landscape, and this refinancing positions the property for continued success.”
HELIO Apartments features modern amenities including a fitness center and rooftop terrace, designed to serve today’s renters in Northern New Jersey’s Hudson County market.
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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