Greysteel, a national commercial real estate investment services firm, has arranged the refinancing of Madison Park, a multifamily property located in Hyattsville, MD on behalf of Madison Park, LLC.

The 10-year non-recourse loan, provided by Freddie Mac, features a fixed-rate of 4.65% and three years of interest-only payments, followed by a 30-year amortization schedule. This transaction was negotiated by Greysteel Director Mark Bittenbender, who is based in the Company’s Washington, D.C. office.

Madison Park, located at 5902 31^st Avenue, was constructed in 1962 and totals 91 units with an average unit size of 873 square feet.

“The sponsor sought to refinance a maturing CMBS loan,” said Mr. Bittenbender. “Greysteel was able to leverage the exceptional improvements to the property that the sponsor has completed and arrange long-term financing with a substantial interest-only period.”

About Greysteel:

Greysteel is a commercial real estate and capital markets services firm with eight offices located in Phoenix, AZ; Los Angeles, CA; Washington, D.C.; Baltimore, MD; Philadelphia, PA; Dallas, TX; Fort Worth, TX; and Norfolk, VA. Greysteel serves and advises private and institutional real estate investors and developers in the marketing, sale, and financing of private capital and middle-market real estate assets. www.greysteel.com