NEW YORK, Aug. 27, 2026 (GLOBE NEWSWIRE) — Greystone, a leading national commercial real estate finance company, provided a $46.79 million Fannie Mae loan to refinance The Nash, a 190-unit multifamily property in San Diego, California. Greystone’s Clint Darby and Andrew Remenschneider originated the financing, with BMO serving as correspondent. The property is owned by an affiliate of CEDARst.
The Fannie Mae loan refinances The Nash, a seven-story, Class A multifamily property located at 4135 Park Boulevard. Completed in 2024, the property features 190 residences, including 82 studios, 96 one-bedroom apartments, and 12 two-bedroom apartments. Ten residences are designated as affordable units for households earning below 50% of area median income. The property also includes approximately 2,110 square feet of ground-floor retail space.
“The Nash is a high-quality, recently developed multifamily asset in one of San Diego’s most desirable neighborhoods, backed by experienced sponsors,” said Clint Darby of Greystone. “We were pleased to leverage Greystone’s Fannie Mae lending capabilities to deliver a long-term financing solution that positions the property well for its next phase of ownership.”
“This refinance reflects the continued strength of operations at The Nash since completion, and this Fannie Mae refinance allowed us to secure attractive long-term, fixed-rate financing while delivering a meaningful return of capital to our investors,” said Will Murphy, CEO of CEDARst Companies.
About Greystone
Greystone 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.
About CEDARst
CEDARst Companies is a nationally recognized multifamily real estate developer and operator with offices and active projects across the United States. The firm’s portfolio spans eight states, concentrated on the Midwest, the West Coast, and South Florida with offices in Chicago, San Diego, and Miami. To date, CEDARst has developed and acquired over 10,000 residential units, representing over $4 billion in total asset value. For more information, visit www.cedarst.com.
Media Contact:
Fran Del Valle
fran@influencecentral.com
