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Cushman & Wakefield and Greystone Close $20.8 Million FHA/HUD Loan for HELIO Apartments Refinance in Kearny, New Jersey

  • Greystone provided a $20,766,500 FHA/HUD-insured loan to refinance HELIO Apartments in Kearny, New Jersey.
  • HELIO Apartments is a newly completed 69-unit multifamily property featuring studio, one-bedroom, & two-bedroom residences.
  • The property includes modern amenities such as a fitness center & rooftop terrace to serve the Hudson County market.
  • The financing was originated by Greystone Senior Managing Director Eric Rosenstock & Director Jesse Yodice.
  • Alan Blank, Managing Director of Cushman & Wakefield's EDSF team, collaborated on the deal structure.
  • Both firms highlighted the efficient execution & strong fundamentals that aligned with client objectives for the asset's stabilization.