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LI Cheat Sheet: Melville's Fairfield Properties gets $275M to fund multifamily portfolio buy, home sales spike in Suffolk. & more

4 monthes ago   |   By The Real Deal New York

Long Island multifamily portfolio buy gets $275M in Freddie Mac financing The Federal Home Loan Mortgage Corporation, better known as Freddie Mac, gave $275 million in financing to Fairfield Properties for its $473 million purchase of seven garden apartment properties in Nassau and Suffolk counties, the Commercial Observer reported. Melville-based Fairfield got a 150-year, fixed-rate debt deal under the lender's Green Advantage program. CBRE Group's Jason Gaccione, Shawn Rosenthal, Maxi Leachman and David Webb negotiated...
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