{"id":12336,"date":"2024-08-01T11:17:40","date_gmt":"2024-08-01T16:17:40","guid":{"rendered":"https:\/\/1reason.com\/re\/greystone-provides-14-5-million-in-fannie-mae-dus-financing-for-multifamily-property-in-birmingham-alabama\/12336\/"},"modified":"2024-08-02T06:17:40","modified_gmt":"2024-08-02T11:17:40","slug":"greystone-provides-14-5-million-in-fannie-mae-dus-financing-for-multifamily-property-in-birmingham-alabama","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/greystone-provides-14-5-million-in-fannie-mae-dus-financing-for-multifamily-property-in-birmingham-alabama\/12336\/","title":{"rendered":"Greystone Provides $14.5 Million in Fannie Mae DUS\u00ae Financing for Multifamily Property in Birmingham, Alabama"},"content":{"rendered":"<div> The financing was originated by Rob Meehan, Managing Director at Greystone, with HKS Capital Partners acting as correspondent.  <\/p>\n<p>Constructed in 1983, <strong>700 Riverchase <\/strong>in Shelby County is a garden-style apartment community with 12 buildings featuring one-, two- and three-bedroom units. The property\u2019s 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.<\/p>\n<p>\u201cGreystone\u2019s 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,\u201d said Mr. Meehan. \u201cOur 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.\u201d<\/p>\n<p>\u201cOur experience with Greystone was incredible \u2013 our team understood our needs quickly and crafted the right financing solution for our property,\u201d said Mr. David Topping, principal of the borrower. \u201cWe appreciated their insights, expertise and attention to detail at every stage, and we look forward to working with them in the future.\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=Yco2NxHP58kh1WSBXW6SoREV7OjMWf0VTq2mmT5UIz6E02vgNbGtOQ_qpXCSC5s-4NFQ6F_tjIMZFUOuUZsrfLgF0UTJXbUJEhaf28HH2hs=\" 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=dyjUSf5E6KUJhmjhzuxP6ZtkiJoTv-XREqSeywwG8x24PG0Wg6iiaAPsCPoUY7-1uiGv-q10hj6-NlHadA4xwnHUOat8TQYENfshYVWmqxQ=\" 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\/MWQxZjBmNjgtMzZmZi00ZDBlLThlYzEtMWE0M2VhOGIxMmE4LTEwMzQ5NDg=\/tiny\/Greystone.png\"><\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<p align=\"left\">NEW YORK, July 29, 2024 (GLOBE NEWSWIRE) &#8212; Greystone, a leading national commercial real estate finance company, has provided a $14,500,000 Fannie Mae Delegated Underwriting &amp; Servicing (DUS\u00ae) loan to refinance a 216-unit multifamily property in Hoover, Alabama.<\/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\/12336"}],"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=12336"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/12336\/revisions"}],"predecessor-version":[{"id":12348,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/12336\/revisions\/12348"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=12336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=12336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=12336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}