NEW YORK, April 25, 2024 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, has provided a $20,197,000 Freddie Mac Optigo® loan to refinance a construction loan for a 110-unit multifamily property in Philadelphia, Pennsylvania. The financing was originated by Steven Vainer, a Managing Director at Greystone. Ray Philly is a Class A, mixed-use, mid-rise apartment building located on North American Street in the Olde/South Kensington neighborhood of the North/Frankford/Holmesburg Philadelphia submarket and was recently constructed and completed in 2023 by co-developers Six Acre Capital and Ray. Amenities for tenants include a fitness center, rooftop garden, sunken living room, and coworking lounge with a kitchen. The property is comprised primarily of studio, one-, and two-bedroom units, with commercial tenants in the building including Linden Ave Studio, Michelle Lopez Studio, and South Kensington Community Partners, Inc. The Freddie Mac Optigo® financing carries ...