NEW YORK, NY - 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.
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.