Greystone & Cushman & Wakefield close $20.8M FHA/HUD loan for HELIO Apartments refinance in Kearny, NJ

Kearny, NJ — Greystone has provided a $20,766,500 FHA/HUD-insured loan to refinance HELIO Apartments, a newly completed 69-unit multifamily property in Kearny. The financing was originated by Eric Rosenstock, senior managing director, and Jesse Yodice, director, at Greystone, in collaboration with Alan Blank, managing director of Cushman & Wakefield’s Equity, Debt & Structured Finance (EDSF) team.

HELIO Apartments is a newly constructed multifamily community comprising 69 studio, one-bedroom, and two-bedroom residences.

“Greystone is pleased to deliver a long-term FHA/HUD financing solution that supports the successful stabilization of HELIO Apartments,” said Yodice. “Working alongside Cushman & Wakefield’s EDSF team, we were able to structure a loan that aligns with the client’s objectives and the property’s strong fundamentals.”

Blank added, “The collaboration between Greystone and Cushman & Wakefield’s EDSF platform enabled an efficient execution for this high-quality asset. HELIO represents a strong addition to the Kearny multifamily landscape, and this refinancing positions the property for continued success.”