#United States #New York #New York City #Freddie Mac #Greenbrook Partners

Greenbrook Partners Receives Major Financial Backing

Greenbrook Partners, a prominent real estate investment manager, recently announced a pivotal financial achievement with the securing of a $486 million refinancing loan from Freddie Mac. This loan marks a significant step in their ongoing mission to build a robust multifamily portfolio within New York City’s competitive housing market. The funding, facilitated by Walker & Dunlop, is aimed at refinancing a mixed-use portfolio located in some of the city's prime locations.

Commitment to High-Quality Housing

According to Fred LeCao, Principal at Greenbrook Partners, securing such a substantial amount of agency financing for a historic portfolio in New York City is a groundbreaking achievement. LeCao emphasized how this collaboration with Freddie Mac underscores the potential of institutional capital, working in conjunction with industry leaders to expand housing options across a range of strategic initiatives.

This refinancing endeavor is not merely a financial transaction; it represents Greenbrook’s commitment to enhancing the quality of housing available to New Yorkers. The loan is backed by a well-diversified portfolio of assets that span across 15 distinct submarkets within New York City, showcasing the strong fundamentals and sustainable performance of the properties involved. These attributes played a crucial role in attracting some of the largest lenders in the industry.

Focus on Value-Add and Core Strategies

Greenbrook Partners remains focused on identifying and capitalizing on new opportunities across various investment strategies, including Value-Add, Core, and Core+. The firm is committed to delivering attractive investment opportunities to a diverse array of partners while maintaining a dedication to high-quality housing. This approach not only seeks profitability but also aims to breathe new life into the existing housing stock of the bustling metropolis.

Leveraging purpose-built technology and proprietary data infrastructure, Greenbrook continues to evolve and adapt its investment strategies to meet the ever-changing needs of the market and its investors.

About Greenbrook Partners

As a vertically integrated real estate investment manager, Greenbrook Partners has successfully deployed over $2 billion in equity within the multifamily sector since its inception. With a portfolio consisting of more than 400 assets, Greenbrook has established itself as one of New York City’s leading multifamily investment firms. The company's disciplined investment approach and focus on generating attractive returns set it apart in the competitive landscape of real estate investing.

Greenbrook’s commitment to revitalizing New York City’s neighborhoods is reflected not only in its investment strategy but also in its broader vision of contributing to high-quality housing in the region. As the firm continues to work closely with Freddie Mac and explore new financing avenues, it looks poised to play a vital role in shaping the future of multifamily housing in New York City.

For more information on Greenbrook Partners and its investment initiatives, visit www.greenbrookre.com.