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.
Greystone Closes Sale and Financing of HUD Multifamily Acquisition in Michigan
NEW YORK, April 27, 2021 (GLOBE NEWSWIRE) Greystone, a leading national commercial real estate finance company, and Greystone Bel Real Estate Advisors, teamed up to close the sale of, and provide financing for, a multifamily property acquisition in Marquette, Michigan. The sale was closed by Cary Belovicz of Greystone Bel, who represented both the seller and buyer, and the 85% LTV financing was originated by John Marr, Managing Director, and Reuben Dolny, Vice President, of Greystone.
The $7.3 million in HUD-insured acquisition financing for
Woodview Village includes a low, fixed rate and 35-year term that is fully amortizing after 35 years. The 124-unit property, located just over a mile from downtown Marquette, is 100% occupied and comprises primarily one- and two-bedroom units. The property, made up of two non-contiguous parcels, is spread over 8.2 acres and 13 total buildings and has been renovat
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
Greystone Provides $43 Million in HUD-Insured Financing for Multifamily Property in Port St apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.
Greystone Provides $43 Million in HUD-Insured Financing for Multifamily Property in Port St. Lucie, Florida
NEW YORK, April 22, 2021 (GLOBE NEWSWIRE) Greystone, a leading national commercial real estate finance company, has provided a $43 million HUD-insured loan to refinance a 396-unit multifamily property in Port St. Lucie, Florida. The financing was originated by Reuben Dolny, a senior mortgage banker and Vice President in Greystone’s New York office, on behalf of K&J Residential Group.
The non-recourse $43,000,000 HUD-insured financing carries a 35-year term and 35-year amortization, along with a fixed interest rate in the very low 2%’s. The property is Energy Star certified and was able to patriciate in HUD’s reduced mortgage insurance premium Green MIP program.