{"id":10871,"date":"2024-03-01T00:37:53","date_gmt":"2024-03-01T06:37:53","guid":{"rendered":"https:\/\/1reason.com\/re\/greystone-provides-41-6-million-in-fannie-mae-dus-financing-for-multifamily-property-in-cape-coral-florida\/10871\/"},"modified":"2024-03-01T18:37:53","modified_gmt":"2024-03-02T00:37:53","slug":"greystone-provides-41-6-million-in-fannie-mae-dus-financing-for-multifamily-property-in-cape-coral-florida","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/greystone-provides-41-6-million-in-fannie-mae-dus-financing-for-multifamily-property-in-cape-coral-florida\/10871\/","title":{"rendered":"Greystone Provides $41.6 Million in Fannie Mae DUS\u00ae Financing for Multifamily Property in Cape Coral, Florida"},"content":{"rendered":"<div> The financing was originated by Kyle Jemtrud, Managing Director at Greystone, with Kevin Coscia of Largo Capital acting as correspondent.  <\/p>\n<p align=\"left\">Constructed in 2022, <strong>The Palms at Cape Coral <\/strong>in Lee County is a garden-style apartment community with five buildings featuring one-, two- and three-bedroom units. The property\u2019s amenities include a clubhouse, fitness center, swimming pool, pet park and pickleball court. The $41,664,000 non-recourse, fixed-rate Fannie Mae loan features a 10-year term and 30-year amortization, with five years of interest-only payments.<\/p>\n<p>\u201cWe truly appreciate that our client chose Greystone again for finding the right long-term financing for another property in their portfolio,\u201d said Mr. Jemtrud. \u201cWhen it comes to navigating the multifamily lending process, clients rely on our extensive industry expertise and deep lending platform for solutions that meet their needs in any market.\u201d<\/p>\n<p>\u201cWe are thrilled that Greystone was able to refinance this property and set us up for long-term success,\u201d said Mr. Bryan Young, principal of the borrower. \u201cOnce again, we are impressed with Greystone\u2019s multifamily capabilities and high standard of service excellence \u2013 they are a true partner who delivers invaluable insights on every transaction.\u201d<\/p>\n<p align=\"justify\"><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=k0-xZNnkpUfw1R2EtFwY_sOqeWK0M_TZKwT__-sEKlm_Zyd21CxDTwKTMf8dUtOmK4S8cOghEEpEwSCN9eUMQsxSUqBgMTyVocMpqy3mnSQ=\" rel=\"nofollow noopener\" target=\"_blank\" title=\"www.greystone.com\">www.greystone.com<\/a>.<\/p>\n<p align=\"justify\"><strong>PRESS CONTACT:<\/strong><br \/>Karen Marotta<br \/>Greystone<br \/>212-896-9149<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=n7yYtgnlbL-ncQqjMhSLSlmapQvVZRC00gEJKc2J_jU_D0dgoABwe6KD7lXZjY71DvRiwgQZjy_Z8cwtMd1OK_RibNYBqtIRrpLwlbFdXS4=\" 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\/OTZhZGQxMjAtYTZhOC00NDIzLTkwY2UtODE3OWMzOTY5MTY0LTEwMzQ5NDg=\/tiny\/Greystone.png\"><\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<p align=\"left\">NEW YORK, Feb. 13, 2024 (GLOBE NEWSWIRE) &#8212; Greystone, a leading national commercial real estate finance company, has provided a $41,664,000 Fannie Mae Delegated Underwriting &amp; Servicing (DUS\u00ae) loan to refinance a 280-unit multifamily property in Cape Coral, Florida.<\/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\/10871"}],"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=10871"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/10871\/revisions"}],"predecessor-version":[{"id":10884,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/10871\/revisions\/10884"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=10871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=10871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=10871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}