NEW YORK, NY - Greystone, a leading national commercial real estate finance company, has provided a $20,000,000 HUD 223(f) loan to refinance a 127-unit multifamily property in Philadelphia, Pennsylvania. The financing was originated by Jason Yuen, Managing Director at Greystone, on behalf of 49th & Spruce Associates LP, a repeat client of the firm.
First constructed in 1925 and completely renovated in 2012, Croydon Hall Apartments in Philadelphia County is a mid-rise elevator building.
Greystone, a leading national commercial real estate finance company, has provided a $20,000,000 HUD 223(f) loan to refinance a 127-unit multifamily property in Philadelphia, Pennsylvania. The financing was originated by Jason Yuen, Managing Director at Greystone, on behalf of 49th & Spruce Associates LP, a repeat client of the firm. .
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Greystone Provides $54.6 Million in HUD-Insured Financing for a Multifamily Property in Chicago .
GreystoneDecember 16, 2020 GMT
NEW YORK, Dec. 16, 2020 (GLOBE NEWSWIRE) Greystone, a leading national commercial real estate finance company, has provided a $54.6 million HUD-insured loan to refinance a 360-unit multifamily property in the northwest Chicago metropolitan area suburb of Bloomingdale, Illinois. The financing was originated by Clint Darby, Managing Director, and Phiet Nguyen, Managing Director, on behalf of Chern Camden.
The $54,560,000 HUD-insured Section 223(f) financing carries a 35-year term and 35-year amortization, along with a low fixed interest rate. The transaction qualified for HUD’s Green financing via Energy Star certification, which further reduced the interest rate. The loan proceeds enabled the borrower to refinance an existing Fannie Mae loan on the propert
Greystone Provides $54.6 Million in HUD-Insured Financing for a Multifamily Property in Chicago Metropolitan Area
NEW YORK, Dec. 16, 2020 (GLOBE NEWSWIRE) Greystone, a leading national commercial real estate finance company, has provided a $54.6 million HUD-insured loan to refinance a 360-unit multifamily property in the northwest Chicago metropolitan area suburb of Bloomingdale, Illinois. The financing was originated by Clint Darby, Managing Director, and Phiet Nguyen, Managing Director, on behalf of Chern Camden.
The $54,560,000 HUD-insured Section 223(f) financing carries a 35-year term and 35-year amortization, along with a low fixed interest rate. The transaction qualified for HUD’s Green financing via Energy Star certification, which further reduced the interest rate. The loan proceeds enabled the borrower to refinance an existing Fannie Mae loan on the property, continue with ongoing maintenance, and monetize existing equity.