{"id":18902,"date":"2026-05-10T16:00:21","date_gmt":"2026-05-10T21:00:21","guid":{"rendered":"https:\/\/1reason.com\/re\/greystone-provides-16-million-in-fannie-mae-financing-for-multifamily-property-in-central-islip-new-york\/18902\/"},"modified":"2026-05-10T16:00:21","modified_gmt":"2026-05-10T21:00:21","slug":"greystone-provides-16-million-in-fannie-mae-financing-for-multifamily-property-in-central-islip-new-york","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/greystone-provides-16-million-in-fannie-mae-financing-for-multifamily-property-in-central-islip-new-york\/18902\/","title":{"rendered":"Greystone Provides $16 Million in Fannie Mae Financing for Multifamily Property in Central Islip, New York"},"content":{"rendered":"
The financing was originated by Robert Meehan, Managing Director at Greystone. <\/p>\n

Constructed in 1975 and renovated in 2011, Coventry Village is a garden-style community comprised of 94 units across two residential buildings. The property features a mix of one- and two-bedroom apartments and maintains strong occupancy, reflecting stable demand in the Western Suffolk submarket. The non-recourse, fixed-rate loan carries a five-year term and is structured with a 30-year amortization schedule.<\/p>\n

\u201cGreystone is pleased to deliver a tailored refinancing solution that supports our client\u2019s long-term ownership strategy,\u201d said Mr. Meehan. \u201cCoventry Village has demonstrated consistent performance, and this financing enables the borrower to capitalize on the property\u2019s stability while maintaining flexibility for future growth.\u201d<\/p>\n

\u201cCoventry Village stands out as a stable, well-performing asset in a competitive rental market,\u201d said Matt Albano, Managing Director of GCP Capital Group. \u201cThis financing allows ownership to continue executing on a long-term strategy while maintaining a high-quality living environment for residents.\u201d<\/p>\n

About Greystone<\/strong>
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<\/a>.<\/p>\n

Media Contact:<\/strong><\/p>\n

Fran Del Valle
fran@influencecentral.com<\/a><\/p>\n

\"\"<\/div>\n","protected":false},"excerpt":{"rendered":"

\n

NEW YORK, May 11, 2026 (GLOBE NEWSWIRE) — Greystone, a leading national commercial real estate finance company, has provided a $16,050,000 Fannie Mae Delegated Underwriting & Servicing (DUS\u00ae) loan to refinance Coventry Village, a 94-unit multifamily property located in Central Islip, New York.<\/p>\n<\/div>\n","protected":false},"author":2,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/18902"}],"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=18902"}],"version-history":[{"count":0,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/18902\/revisions"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=18902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=18902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=18902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}