Greystone Provides $14.5 Million in Fannie Mae DUS® Financing for Multifamily Property in Birmingham, Alabama
29 Julio 2024 - 9:20AM
Greystone, a leading national commercial real estate finance
company, has provided a $14,500,000 Fannie Mae Delegated
Underwriting & Servicing (DUS®) loan to refinance a 216-unit
multifamily property in Hoover, Alabama. The financing was
originated by Rob Meehan, Managing Director at Greystone, with HKS
Capital Partners acting as correspondent.
Constructed in 1983, 700 Riverchase in Shelby
County is a garden-style apartment community with 12 buildings
featuring one-, two- and three-bedroom units. The property’s
amenities include a fitness center, laundry facilities, swimming
pool, outdoor grill center, dog park, playground and pickleball
court. The $14,500,000 non-recourse, fixed-rate financing features
a five-year term and 30-year amortization, with interest-only
payments for the full term of the loan.
“Greystone’s well-diversified lending platform and our
longstanding multifamily experience mean that we can get creative
when helping our clients find the right financing terms in most
markets,” said Mr. Meehan. “Our goal is to help our clients bring
the vision for their properties to life, and we work to ensure that
every phase of loan transaction is executed seamlessly.”
“Our experience with Greystone was incredible – our team
understood our needs quickly and crafted the right financing
solution for our property,” said Mr. David Topping, principal of
the borrower. “We appreciated their insights, expertise and
attention to detail at every stage, and we look forward to working
with them in the future.”
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