Quantum Equities Lands $87M Refi for Maryland Apartments
Greystone arranged the Fannie Mae DUS loan for the 486-unit community in Lanham. May042021 Image courtesy of Greystone
Quantum Equities has refinanced The Glendale Residence Apartments, a 486-unit multifamily community in Lanham, Md., with an $87 million Fannie Mae DUS loan provided by Greystone.
The Fannie Mae Green Mortgage loan carries a 12-year term, a low fixed-interest rate, five years of interest-only payments and a 30-year amortization period.
The property has received Energy Star certification for the Green Building Certification, which recognizes the top 25 percent of the most energy efficient buildings within its class.
Greystone Provides $87 Million in Fannie Mae Financing for a Multifamily Property in Maryland
05/03/2021 | 11:40am EDT
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NEW YORK, May 03, 2021 (GLOBE NEWSWIRE) Greystone, a leading national commercial real estate finance company, has provided an $87 million Fannie Mae Delegated Underwriting and Servicing (DUS®) loan to refinance a 486-unit multifamily property in Prince Georges County, Maryland. The financing was originated by Dan Sacks and Eric Rosenstock, Managing Directors in Greystone’s New York office, on behalf of Glendale Apartments Properties LLC.
The $87,000,000 Fannie Mae Green Mortgage loan carries a 12-year term, a low fixed interest rate, five years of interest-only payments, and a 30-year amortization period. The Property has received Energy Star Certification for the Green Building Certification. This certification recognizes the top 25% of the most energy efficient buildings within its class.
NEW YORK, NY - Greystone, a leading national commercial real estate finance company, has provided a $17.2 million HUD-insured loan to refinance a 103-unit skilled nursing facility in Tucson, Arizona. The financing was originated by Eric Rosenstock, Managing Director in Greystone’s New York office, on behalf of Eli Atkin & Shua Seif of Sapphire Estates Properties LLC.
The $17,181,200 HUD-insured Section 223(a)(7) financing carries a new 40-year term along with a low, fixed interest rate, creating true cash flow upside, given the debt service savings. Located in Pima County, Sapphire Estates Rehab Centre consists of comprehensive skilled nursing services, as well as physical, occupational and speech therapy. The property, built in 2016, offers amenities for residents including a fitness center, spacious dining areas, and outdoor recreational activities.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Greystone Provides $17.2 Million in HUD-Insured Financing for Skilled Nursing Facility in Tucson, AZ
GreystoneApril 26, 2021 GMT
NEW YORK, April 26, 2021 (GLOBE NEWSWIRE) Greystone, a leading national commercial real estate finance company, has provided a $17.2 million HUD-insured loan to refinance a 103-unit skilled nursing facility in Tucson, Arizona. The financing was originated by Eric Rosenstock, Managing Director in Greystone’s New York office, on behalf of Eli Atkin & Shua Seif of Sapphire Estates Properties LLC.
The $17,181,200 HUD-insured Section 223(a)(7) financing carries a new 40-year term along with a low, fixed interest rate, creating true cash flow upside, given the debt service savings. Located in Pima County, Sapphire Estates Rehab Centre consists of comprehensive skilled nursing services, as well as physical, occupational and speech therapy. The property, built in
NEW YORK, NY - Greystone, a leading national commercial real estate finance company, has provided a $10.9 million HUD-insured loan to refinance a 174-unit multifamily property in Miami, Florida. The financing was originated by Eric Rosenstock, Managing Director in Greystone’s New York office, on behalf of Vizcaya Affordable Corp.
The $10,915,700 HUD-insured Section 223(f) financing carries a 35-year term and 40-year amortization, along with a low, fixed interest rate. Constructed in 1997, Vizcaya Villas Apartments consists of two, four-story, elevator buildings with one-, two-, three- and four-bedroom units. Amenities include a community room, picnic area and on-site laundry facilities. Located near the intersection of the Dolphin and Palmetto Expressways, the property offers easy access to Miami’s colleges and universities, employers, entertainment, restaurants and shopping.