{"id":14417,"date":"2025-05-04T18:55:04","date_gmt":"2025-05-04T23:55:04","guid":{"rendered":"https:\/\/1reason.com\/re\/greystone-provides-120-million-in-fannie-mae-dus-financing-for-chicago-multifamily-acquisition\/14417\/"},"modified":"2025-05-05T13:55:04","modified_gmt":"2025-05-05T18:55:04","slug":"greystone-provides-120-million-in-fannie-mae-dus-financing-for-chicago-multifamily-acquisition","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/greystone-provides-120-million-in-fannie-mae-dus-financing-for-chicago-multifamily-acquisition\/14417\/","title":{"rendered":"Greystone Provides $120 Million in Fannie Mae DUS\u00ae Financing for Chicago Multifamily Acquisition"},"content":{"rendered":"<div> The financing was originated by Greystone\u2019s Eric Rosenstock and Jesse Yodice on behalf of Normandy Real Estate.  <\/p>\n<p><strong>Fulbrix Apartments<\/strong>, a 27-story tower located at 160 North Elizabeth Street, was acquired for $170 million and marks Chicago\u2019s largest multifamily sales transaction since 2023. The Fannie Mae financing carries a 10-year term with seven years of interest-only payments.<\/p>\n<p>\u201cGreystone has proven its position as a top Fannie Mae lender, and this particular transaction highlights our commitment to core gateway cities and the resurgence of urban appeal,\u201d said Mr. Rosenstock, a Senior Managing Director at Greystone. \u201cWe\u2019re thrilled for Normandy\u2019s team to add this trophy asset to their portfolio and support their commitment to the Chicago residential market.\u201d<\/p>\n<p>\u201cThis acquisition underscores the enduring appeal of Fulton Market as a premier multifamily investment destination,\u201d said Adam Snyder, CEO of Normandy Real Estate. \u201cWe are grateful for Greystone\u2019s expertise in providing attractive financing that aligns with our vision for this high-quality asset in a supply-constrained, high-demand neighborhood.\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=XudqrVKjNR0QjSeHJmIC6ZX0ggFlvz9xV8u1lxPS1uesMb8V7bP1ixUCX5whPYPjOmx31t2Kz-c9E9cRGG7PagNE3p7o_jvMS3XI82YN6EE=\" 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=edITSp0uHrMlFZZ0C0a0pAuHcz1pFtw6vOz8FORtpW7XsP9l8peqOJpGdP8IwaLyXKZEzspZGBeov6RVawhJ6QOhuXbsb9BgWHVCz0pSdrCUZA9CS7iSuTOiWYzym5Vi\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Karen.Marotta@greyco.com\">Karen.Marotta@greyco.com<\/a><\/p>\n<p><img alt=\"\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" data-src=\"https:\/\/ml.globenewswire.com\/media\/OTJiZTE3ZTMtNjQ3Ni00YjA0LThhYjAtM2VkMmVmZGU2YjdjLTEwMzQ5NDgtMjAyNS0wNC0xNy1lbg==\/tiny\/Greystone.png\"><\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<p align=\"left\">NEW YORK, April 17, 2025 (GLOBE NEWSWIRE) &#8212; Greystone, a leading national commercial real estate finance company, has provided $120 million in Fannie Mae Delegated Underwriting &amp; Servicing (DUS\u00ae) financing for the acquisition of a 375-unit multifamily high-rise in Chicago\u2019s Fulton Market.<\/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\/14417"}],"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=14417"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/14417\/revisions"}],"predecessor-version":[{"id":14423,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/14417\/revisions\/14423"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=14417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=14417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=14417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}