<img src="https://ml.globenewswire.com/Resource/Download/e257fa49-e8ef-4b31-8ef4-601483899521?size=2" nborder="0" align="left" hspace="5" vspace="5" title="Greystone_Logo.png" alt="Greystone"/>NEW YORK, Sept. 02, 2026 <a href="https://www.globenewswire.com" target="_blank">(GLOBE NEWSWIRE)</a> -- <a href="https://www.globenewswire.com/Tracker?data=x266DJKy_E0H1MbmtESsg5kMtluL7P4GjoPGiA0vSzBjPVTipGprxxWp0wqEuG34gcdqmcWdO7kQmxkyfmE3_A==" rel="nofollow" target="_blank" title="Greystone">Greystone</a>, a leading national commercial real estate finance company, announced that it arranged $75.5 million in construction financing and $32.0 million in JV equity on behalf of Saber-Hightower LLC and Granoff Real Estate for the office-to-residential conversion of M7 Lofts, a 286-unit multifamily project in Norwalk, Connecticut. Greystone Capital Advisors served as financial advisor on the transaction, with a team including Drew Fletcher, Paul Fried, Bryan Grover, and Jesse Kopecky. The construction loan was provided by Bank OZK, and the JV equity commitment was provided by a confidential family office. M7 Lofts is an adaptive-reuse project at 101 and 201 Merritt 7 that will convert two existing eight-story office buildings into a residential community. Plans include approximately 55,000 square feet of indoor and outdoor amenities — a fitness center, co-working space, an outdoor pool deck and lounge areas, and landscaped private gardens. Residences are designed with loft-style layouts, open floor plans, floor-to-ceiling windows, and 11-foot ceilings. The property sits less than a five-minute walk from the Merritt 7 Metro-North station, with commuter access to Stamford, Greenwich, and New York City. "These are well-located buildings that can serve Fairfield County far better as housing than as office," said Marty Berger, Principal of Saber-Hightower LLC. "By leveraging the existing infrastructure at Merritt 7 and the property's proximity to transit, we can create a differentiated residential experience while giving these buildings a new purpose. We appreciate Greystone's assistance in developing a financing strategy that supports our vision." "This was a compelling adaptive-reuse opportunity that required a financing strategy tailored to the sponsor's long-term business plan," said Drew Fletcher, President of Greystone Capital Advisors. "We were thrilled to represent Saber-Hightower and Granoff Real Estate in assembling the capital needed to move this conversion forward." 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. Greystone Capital Advisors LLC provides structured finance and capital advisory services. For more information, visit <a href="https://www.globenewswire.com/Tracker?data=ZD3rMG5FtFMbOnBJNkjUP1JqnFHpHV9i2ixI0Z34cul3eeP8Nii1NFnzK_WGEto3bjXU5Ug6RbZCYaMzC1V_w8CM6AeqITjtP89g7aWAr2o=" rel="nofollow" target="_blank" title="www.greystone.com">www.greystone.com</a>. Securities transactions are effected through INTE Securities LLC dba Greystone INTE BD, member FINRA <a href="https://www.globenewswire.com/Tracker?data=RLkLae1nJ7zaJOechrt7e5yMajWsGT2jz2PJw-nvqupaV4esBbjXgTCjyLB5gv63jubxFqXlhOGmuE5ST5ViUw==" rel="nofollow" target="_blank" title="www.finra.org">www.finra.org</a> / SIPC <a href="https://www.globenewswire.com/Tracker?data=kw0iB6mTvElZ4vqso5FOqGlFVResh11NCi9FzOnXeiuEo85uP31oWAC7-S3EPYiWDnGNRlTfrXYi8dwryGJ5hA==" rel="nofollow" target="_blank" title="www.sipc.org">www.sipc.org</a>. For information regarding INTE Securities LLC go to <a href="https://www.globenewswire.com/Tracker?data=RLkLae1nJ7zaJOechrt7e5lxWRVfeuGBgmgGCy8oYWgwfZrZKvvqmFxLyOlwoVw3IhR36D4Ni06hANOlx--7gsyMCAHXOJeGDNsD10cmv4cACoW546fjxFtKz-ZOL_Pw" rel="nofollow" target="_blank" title="www.finra.org/brokercheck">www.finra.org/brokercheck</a>  About Saber-Hightower Saber-Hightower is a private real estate investment and development platform that brings decades of experience and over $3 billion in completed developments nationwide, with a focus on multifamily, retail, mixed-use, and hospitality. The firm has a proven track record of navigating complex approvals and unlocking value through ground-up development. Our principals bring unmatched market access and a reputation built on trust, execution, and long-term relationships. PRESS CONTACT: Fran Del Valle <a href="https://www.globenewswire.com/Tracker?data=13xeQR_1RBvZpjPHM7WjMxPwBhcmGilwFYpIxMBzn9Dwcf9IwNELDyjRE1Bdn1YtrJ1G6vtVgn4m6UxMp0wyBNJtcadM2tqhJ5bQVxU9sm-EH3Uz4lyM720XzGozSfvC" rel="nofollow" target="_blank" title="fran@influencecentral.com">fran@influencecentral.com</a> <img alt="" src='https://ml.globenewswire.com/media/Yzk5Y2Q3ZTEtY2IzMi00MTQ1LWIwMGEtZTZiM2Q0NWM3ZTZkLTEwMzQ5NDgtMjAyNi0wOS0wMi1lbg==/tiny/Greystone.png' referrerpolicy='no-referrer-when-downgrade' />

Greystone Capital Advisors Arranges $107.5 Million in Debt and JV Equity for Office-to-Residential Conversion in Norwalk, CT

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