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September 22, 2017  

Lenders Refinance NJ-NY Apartments

Greystone and Customers Bank have originated $69.3 million of fixed-rate loans to refinance 11 multi-family properties in New Jersey and New York.The collateral, owned by New Jersey investor Steven Breitman, encompasses more than 970 units, primarily in low-rise complexes in Southern New Jersey.Greystone wrote individual loans on nine properties under Freddie Mac’s small-balance loan program. Those total $39.8 million, all with coupons of...

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