- Tritec News
Greystone provides $203.143 million loan to refinance TRITEC’s Alston Station Sq.
Ronkonkoma, NY Greystone, a private national commercial real estate finance company, provided a $203.143 million Freddie Mac Optigo loan made to an affiliate of TRITEC Real Estate Co. for the Alston Station Square, a recently-built, six-building, 489-unit class A market-rate rental apartment complex located at 1000 Mill Rd. in Suffolk County. The new 10-year, fixed-rate Freddie Mac loan refinances the original construction loan from Bank of America. The Greystone Capital Advisors team led by Drew Fletcher, Matthew Hirsch, Jesse Kopecky, and Tori Colledge served as exclusive advisors on behalf of the sponsor and assisted in arranging the financing which was provided by Greystone Servicing through its agency lending team, led by Dan Gillard who originated the loan from Greystone Servicing.
Alston is the first phase of The Hub at Ronkonkoma master development, a two million s/f master plan that the Town of Brookhaven awarded to TRITEC in 2012 to lead the transformation of the area as a regional transportation center for eastern Long Island.
Read the full article in the New York Real Estate Journal.