NEW YORK, NY - Greystone, a leading national commercial real estate finance company, has provided a $33,717,000 Fannie Mae Delegated Underwriting and Servicing (DUS®) loan for the acquisition of a 324-unit multifamily property in Jonesboro, Arkansas. The financing was originated by Eric Rosenstock and Dan Sacks, Co-Managing Directors in Greystone’s New York office, on behalf of CLK Properties.
Constructed in 2011, Willow Creek Apartments in Craighead County consists of 12.
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.