Greystone Provides $30 Million in Freddie Mac Financing for Historic Manhattan Multifamily Property

Refinance Supports Continued Investment in Sloane Chelsea, a 266-Unit Apartment Building in the Heart of NYC

NEW YORK, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, announced the closing of a $30,000,000 Freddie Mac Conventional loan for Sloane Chelsea, a 266-unit high-rise multifamily property located at 360 West 34th Street in New York, NY. The financing was originated by Robert Meehan, Managing Director at Greystone.

Originally constructed in 1930 and fully renovated in 1996, Sloane Chelsea offers a mix of studio, one-, two- and three-bedroom units, along with upscale amenities including a fitness center, laundry facilities, private storage, and 24-hour attended lobby. Recent upgrades to the property include renovations to 180 units and planned elevator modernization. The property is located in Manhattan’s Chelsea neighborhood, steps from Penn Station, Madison Square Garden, and major retail and transit hubs.

“Sloane Chelsea is a prime example of long-term ownership and stewardship of a historic New York asset,” said Mr. Meehan. “We’re pleased to support the Kibel and Gardner families with a financing solution that allows them to continue enhancing the property’s value while preserving financial flexibility.”

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.

PRESS CONTACT:
Fran Del Valle
Influence Consulting Group for Greystone
fran@influencecentral.com

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