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Investments

1

Portfolio Exits

1

About LRE Management

LRE Management Headquarter Location

Illinois, 60107,

United States

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Latest LRE Management News

Greystone Provides $23.5 Million Freddie Mac Loan for Fort Lauderdale Multifamily Acquisition

Sep 21, 2021

New York, New York, UNITED STATES NEW YORK, Sept. 21, 2021 (GLOBE NEWSWIRE) -- Greystone , a leading national commercial real estate finance company, has provided $23,479,000 in Freddie Mac Optigo® financing for the acquisition of a 178-unit multifamily property in Davie, Florida. The transaction was originated by Richard Kourbage, Managing Director in Greystone’s New York office, on behalf of Circle Capital Partners and LRE Management. The non-recourse $23.5 million Freddie Mac loan carries a fixed rate with a 10-year term, a 30-year amortization and five years of interest-only payments. Originally built in 1978 and upgraded by the prior owner, Vue on 67th is a garden-style apartment community that sits on 7.7 acres, offering one- and two-bedroom units and amenities including a clubhouse with billiards room, fitness center, resort-style pool, outdoor barbeque deck, and on-site parking. “We are pleased to execute on behalf of the joint venture between Circle Capital Partners and LRE Management - we were able to switch seamlessly from a bridge loan to Freddie Mac as the capital markets changed during underwriting,” said Mr. Kourbage. “Our goal is to bring these transactions to close quickly and seamlessly, so our clients stay focused on realizing their vision for their property.” “Vue on 67th was a complicated transaction to finance. The property’s performance significantly improved every month leading up to closing, and Richard Kourbage and his Greystone team worked closely with Freddie Mac to quantify a meaningful increase in proceeds. We are grateful for the elite team we put together to close this transaction. Purchasing apartments in South Florida is always competitive, but securing Vue on 67th in Davie, Florida will prove to be a great investment for LRE Management LLC, our JV equity partner, as well as Circle Capital Partners,” said Todd Linden and Richard Valdes, Principals of Circle Capital Partners. 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:

LRE Management Investments

1 Investments

LRE Management has made 1 investments. Their latest investment was in Lincoln Clean Energy as part of their Unattributed VC on January 1, 2011.

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LRE Management Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/5/2011

Unattributed VC

Lincoln Clean Energy

$14M

Yes

1

Date

1/5/2011

Round

Unattributed VC

Company

Lincoln Clean Energy

Amount

$14M

New?

Yes

Co-Investors

Sources

1

LRE Management Portfolio Exits

1 Portfolio Exit

LRE Management has 1 portfolio exit. Their latest portfolio exit was Lincoln Clean Energy on January 12, 2016.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/12/2016

Acq - Fin

$99M

1

Date

1/12/2016

Exit

Acq - Fin

Companies

Valuation

$99M

Acquirer

Sources

1

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