{"id":2723,"date":"2021-05-08T13:15:42","date_gmt":"2021-05-08T18:15:42","guid":{"rendered":"https:\/\/1reason.com\/re\/greystone-provides-43-million-in-hud-insured-financing-for-multifamily-property-in-port-st-lucie-florida\/2723\/"},"modified":"2021-05-09T08:15:42","modified_gmt":"2021-05-09T13:15:42","slug":"greystone-provides-43-million-in-hud-insured-financing-for-multifamily-property-in-port-st-lucie-florida","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/greystone-provides-43-million-in-hud-insured-financing-for-multifamily-property-in-port-st-lucie-florida\/2723\/","title":{"rendered":"Greystone Provides $43 Million in HUD-Insured Financing for Multifamily Property in  Port St. Lucie, Florida"},"content":{"rendered":"<div> Lucie, Florida. The financing was originated by Reuben Dolny, a senior mortgage banker and Vice President in Greystone\u2019s New York office, on behalf of K&amp;J Residential Group.  <\/p>\n<p>The non-recourse $43,000,000 HUD-insured financing carries a 35-year term and 35-year amortization, along with a fixed interest rate in the very low 2%\u2019s. The property is Energy Star certified and was able to patriciate in HUD\u2019s reduced mortgage insurance premium Green MIP program. <strong>Kitterman Woods<\/strong>, located in Port St. Lucie, consists of 25, three-floor buildings with one-, two-, and three-bedroom units. Built in 2007 by KD Construction of Florida, an affiliate construction firm of K&amp;J. Property amenities include an exercise room, community room, two swimming pools, tennis, basketball, and volleyball courts, dog park, playground, and a car care center.<\/p>\n<p>\u201cWe are always grateful when clients return to Greystone for their financing solutions,\u201d said Mr. Dolny. <br \/>\u201cWe have completed numerous successful financings for K&amp;J, and always strive for the client to receive the absolute best terms and execution. Long-term, fixed, low-rate financing, combined with a well-run property in a strong market is a recipe for long term success.\u201d<\/p>\n<p>\u201cWe relied on Reuben and his team to execute phenomenal terms for this refinance, and we look forward to continuing our relationship with Greystone,\u201d Karl Davis, principal at K&amp;J.<\/p>\n<p align=\"justify\"><strong>About Greystone<\/strong><br \/>Greystone is a 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=wW3KxOCF7zaV1OYk4TSA9JnWmD0gz-jYSvwVnZMuSJ9EMPPkv68-EbmawJJg391NyOZ8rStDYnTpYjFr4xMOQA==\" rel=\"nofollow noopener noreferrer\" 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=zdlvrkMybBkAOMm1SEzq90ANFpEAyAGrqEyWV8wk-4uPUiuPu8j5DqL3HOsi3Eqj8eD7ofL9XZzesa0zgpNAK-LkVVmyTbC3Y55Bk3SvDIA=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\" title=\"Karen.Marotta@greyco.com\">Karen.Marotta@greyco.com<\/a><\/p>\n<p><img loading=\"lazy\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" width=\"1\" height=\"1\" class=\"lazyload\" data-src=\"https:\/\/ml.globenewswire.com\/release\/track\/6bf264e7-2645-4706-9f1b-fe0acd64c59f\"><\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<p align=\"left\">NEW YORK, April 22, 2021 (GLOBE NEWSWIRE) &#8212; Greystone, a leading national commercial real estate finance company, has provided a $43 million HUD-insured loan to refinance a 396-unit multifamily property in Port St.<\/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\/2723"}],"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=2723"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/2723\/revisions"}],"predecessor-version":[{"id":2736,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/2723\/revisions\/2736"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=2723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=2723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=2723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}