{"id":10762,"date":"2024-02-21T21:46:28","date_gmt":"2024-02-22T03:46:28","guid":{"rendered":"https:\/\/1reason.com\/re\/greystone-provides-16-million-in-total-fannie-mae-dus-financing-for-multifamily-portfolio-in-smith-county-texas\/10762\/"},"modified":"2024-02-22T15:46:28","modified_gmt":"2024-02-22T21:46:28","slug":"greystone-provides-16-million-in-total-fannie-mae-dus-financing-for-multifamily-portfolio-in-smith-county-texas","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/greystone-provides-16-million-in-total-fannie-mae-dus-financing-for-multifamily-portfolio-in-smith-county-texas\/10762\/","title":{"rendered":"Greystone Provides $16 Million in Total Fannie Mae DUS\u00ae Financing for\u00a0Multifamily Portfolio in Smith County, Texas"},"content":{"rendered":"<div> The financing was originated by Stella Plotkin, Vice President in Greystone\u2019s New York office.  <\/p>\n<p align=\"left\">Each of the non-recourse, fixed-rate loans in the portfolio carries a 10-year term and 30-year amortization schedule, with interest-only payments for the first two years. The portfolio includes:<\/p>\n<ul>\n<li>$7,523,000 for the 64 units at <strong>16246 and 16374 County Road 4100<\/strong> in Lindale;<\/li>\n<li>$4,519,000 for the 36-unit <strong>Shadow Wood Circle<\/strong> in Whitehouse;<\/li>\n<li>$2,469,000 for the 20 units at <strong>14235 and 14227 County Road 452<\/strong> in Lindale; and<\/li>\n<li>$1,603,000 for the 16-unit <strong>Fonda Apartments<\/strong> in Whitehouse.   <\/li>\n<\/ul>\n<p align=\"left\">\u201cGreystone works tirelessly to earn our clients\u2019 trust, tapping into our extensive multifamily lending platform so clients achieve their goals,\u201d said Ms. Plotkin. \u201cClients benefit from our unmatched industry expertise and enjoy a great service experience, which are the hallmarks of every Greystone transaction.\u201d<\/p>\n<p align=\"left\">\u201cGreystone took exceptional care in crafting a financing solution that was just right for this portfolio,\u201d said Mr. Richard Hillard, principal of the borrower. \u201cWe couldn\u2019t be happier with our team\u2019s diligence and responsiveness throughout the process and we\u2019re even more pleased with the end result.\u201d<\/p>\n<p align=\"left\"><strong>About Greystone<\/strong><br \/>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 <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=oFjBk-GpU0Jv1IFPTlE92sTzsfh3w_z9iiI4LWaaFBmW0KcvhPT2NPyJxOQEmz0VpagFuekDkBx4bfrLvARQayK2cvnnrgoOjyId8fJZj3A=\" rel=\"nofollow noopener\" target=\"_blank\" title=\"www.greystone.com\">www.greystone.com<\/a>.<\/p>\n<p align=\"left\"><strong>PRESS CONTACT:<\/strong><br \/>Karen Marotta<br \/>Greystone<br \/>212-896-9149<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Oflu_eq4C8Z708yg6fRiZh_CFezubTQ7T953d0lbbHsNsqp8ApZOhEHib1KQP0TF_-LsJTOMtn_3Dr6ye4dUqER2j0MX5bMfVD7saaVIm0E=\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Karen.Marotta@greyco.com\">Karen.Marotta@greyco.com<\/a><\/p>\n<p><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" data-src=\"https:\/\/ml.globenewswire.com\/media\/ZmZiNzExMDgtMGU0OS00MzNlLWJjZjItZDFiZmM0ZDdjODk5LTEwMzQ5NDg=\/tiny\/Greystone.png\"><\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<p align=\"left\">NEW YORK, Jan. 31, 2024 (GLOBE NEWSWIRE) &#8212; Greystone, a leading national commercial real estate finance company, has provided a total of $16,114,000 in Fannie Mae Delegated Underwriting &amp; Servicing (DUS\u00ae) loans to refinance four multifamily properties totaling 136 units across Smith County, Texas.<\/p>\n<\/div>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/10762"}],"collection":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/comments?post=10762"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/10762\/revisions"}],"predecessor-version":[{"id":10789,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/10762\/revisions\/10789"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=10762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=10762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=10762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}