NEW YORK, Oct. 22, 2025 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, has provided a $42,400,000 Freddie Mac loan to refinance Cortland on the River, a 237-unit multifamily community in Boise, Idaho. The transaction was originated by Clint Darby and Andrew Remenschneider of Greystone, in conjunction with BMO Bank as correspondent.
Located in Ada County, Cortland on the River is a mid-rise apartment community built in 2021, featuring well-appointed studio, one- and two-bedroom units and smart home features. Property amenities include a resort-style pool, fitness center, dog park, outdoor kitchen and on-site parking. The property benefits from strong sponsorship by Cortland, a national multifamily investment and management firm with an extensive agency lending track record. Despite rising cap rates, the property has maintained high occupancy and strong operating performance.
“Freddie Mac’s index lock provided Cortland with the flexibility to strike in a volatile rate environment while optimizing proceeds,” said Mr. Darby. “Greystone values the high-quality clients we continue to serve, and this addition to the portfolio is exceptional.”
About Greystone
Greystone is a private national commercial real estate finance company with an established reputation as a leader in multifamily and healthcare finance, having ranked as a top FHA, Fannie Mae, and Freddie Mac lender in these sectors. Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC and/or other Greystone affiliates. For more information, visit www.greystone.com.
All securities transactions are effected through INTE Securities LLC, member FINRA (www.finra.org) / SIPC (www.sipc.org). To view INTE Securities LLC, go to www.finra.org/brokercheck or INTE Securities LLC – Form CRS.
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