Wiener and Livingston of Wells Fargo Multifamily Capital originate $40.3 million loan

Wells Fargo & Co. recently completed the closing of a $40.3 million Freddie Mac loan to refinance The Gramercy. The un-capped ARM loan carries a 7-year term with 30-year amortization. The transaction was originated by Matt Wiener and Terry Livingston, both of Wells Fargo Multifamily Capital out of the New York City office. The Gramercy is a 260-unit, luxury apartment complex. Amenities include concierge services, an outdoor swimming pool, home theatre/media room, recently upgraded community room with full kitchen, fitness room, and 360 garage parking spaces. The Gramercy is owned and operated by Haveland Estates, LLC in joint venture with an affiliate of Black Rock. Wells Fargo & Co. is a diversified financial services company with $1.3 trillion in assets, providing banking, insurance, investments, mortgage and consumer finance through more than 10,400 stores, over 12,000 ATMs and the Internet across North America and internationally.