NEW YORK, October 1, 2024 (GLOBE NEWSWIRE) – gray stonea leading national commercial real estate financing company, has provided an $18,220,000 Fannie Mae Delegated Underwriting and Servicing (DUS®) loan for the acquisition of a 139-unit multifamily property in Chicago, Illinois. The financing was originated by Clint Darby and Andrew Remenschneider of Greystone.
Originally built in 1927, Cornelia-Stratford In Cook County there is a mid-rise apartment building that offers studio, one, two, three and four bedroom units. Property amenities include bike storage, laundry, and tenant lounge. The $18.2 million non-recourse fixed-rate loan has a 15-year term with interest payments only during the first five years of the term.
“We deeply appreciate customers returning to Greystone based on their past experiences with us; there is no greater sign of confidence in our multifamily process and experience,” said Mr. Darby. “Our thoughtful and creative approach helps clients achieve their goals, and we leverage our extensive lending platform to provide them with exceptional solutions quickly.”
About Greystone
Greystone is a privately held national commercial real estate financing company with an established reputation as a leader in multifamily and healthcare financing, 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 Marotta
gray stone
212-896-9149
Karen.Marotta@greyco.com
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