Greystone Provides $15.5 Million in Fannie Mae DUS® Financing for Multifamily Property in Albany, Georgia
22 Julio 2024 - 12:59PM
Greystone, a leading national commercial real estate finance
company, has provided a $15,486,000 Fannie Mae Delegated
Underwriting & Servicing (DUS®) loan to refinance a 252-unit
multifamily property in Albany, Georgia. The financing was
originated by Rob Meehan and Avrom Forman, both Managing Directors
at Greystone, with Yehuda Heller of Seven Stone Capital acting as
correspondent.
Constructed in 1987, 509 North
Apartments in Dougherty County is a garden-style apartment
community with 14 buildings featuring one- and two-bedroom units.
The property’s amenities include a clubhouse, laundry facilities,
four swimming pools, a dog park along with tennis and volleyball
courts. The $15.9 million non-recourse, fixed-rate Fannie Mae loan
features a seven-year term and 30-year amortization.
“We know that borrowers have a choice and deeply
appreciate when they come to Greystone for our expert guidance in
uncovering the right financing for their unique needs,” said Mr.
Meehan. “Our deep expertise in the multifamily sector and extensive
lending platform means that we bring the right tools to the table
for any loan transaction.”
“Greystone’s reputation for being the best in the
business is well-deserved – not only did our team possess
incredible technical acumen and market savvy but their attention to
detail and client service was remarkable,” said Mr. Leon Shweky,
principal of the borrower. “Even in today’s market, Greystone put
together a financing solution that sets us up for long-term success
for an outcome that was even better than we had anticipated.”
About GreystoneGreystone is a
private national commercial real estate finance company with an
established reputation as a leader in multifamily and healthcare
finance, having ranked as a top FHA, Fannie Mae, and Freddie Mac
lender in these sectors. Loans are offered through Greystone
Servicing Company LLC, Greystone Funding Company LLC and/or other
Greystone affiliates. For more information, visit
www.greystone.com.
PRESS CONTACT:Karen
MarottaGreystone212-896-9149Karen.Marotta@greyco.com