{"id":3050,"date":"2021-06-16T20:52:22","date_gmt":"2021-06-17T01:52:22","guid":{"rendered":"https:\/\/1reason.com\/re\/greystone-provides-16-3-million-in-fannie-mae-financing-for-a-multifamily-property-in-florida\/3050\/"},"modified":"2021-06-17T15:52:22","modified_gmt":"2021-06-17T20:52:22","slug":"greystone-provides-16-3-million-in-fannie-mae-financing-for-a-multifamily-property-in-florida","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/greystone-provides-16-3-million-in-fannie-mae-financing-for-a-multifamily-property-in-florida\/3050\/","title":{"rendered":"Greystone Provides $16.3 Million in Fannie Mae Financing\u00a0for a Multifamily Property in Florida"},"content":{"rendered":"
The fixed-rate, 12-year loan with six years of interest-only payments and a 30-year amortization schedule was originated by Cullen O\u2019Grady, Managing Director in Greystone\u2019s Rockville, MD office. <\/p>\n

The Flats at Ninth Avenue<\/strong>, built in 1971, comprises one- and two-bedroom units across 6.79 acres and was 99% occupied at time of close. Community amenities include a pool, bark park, volleyball court, clubhouse, and business center. The property is located in a desirable submarket of Pensacola, just north of I-10 offering quick access to all areas of Pensacola including the Naval Air Station. Three of Pensacola\u2019s top five employers \u2013 the University of West Florida, Baptist Health Centers and West Florida Hospital are all within a mile of the property.<\/p>\n

The sponsor is a private company and repeat client of Mr. O\u2019Grady\u2019s with a long-established track record and portfolio with Fannie Mae loans for multifamily properties.<\/p>\n

\u201cWe executed the loan with very favorable Fannie Mae terms, allowing the borrower to achieve a strategic combination of cash-out and to secure a significant decrease in the interest rate,\u201d said Mr. O\u2019Grady. \u201cWe are always grateful when trusted clients come to Greystone for agency financing solutions, placing their trust in not only our lending capabilities but also our industry leading expertise.\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

PRESS CONTACT:<\/strong>
Karen Marotta
Greystone
212-896-9149
Karen.Marotta@greyco.com<\/a><\/p>\n

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

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NEW YORK, May 26, 2021 (GLOBE NEWSWIRE) — Greystone, a leading national commercial real estate finance company, has provided a $16,376,000 Fannie Mae Delegated Underwriting and Servicing (DUS\u00ae) loan to refinance a 168-unit multifamily community in Pensacola, 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\/3050"}],"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=3050"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/3050\/revisions"}],"predecessor-version":[{"id":3069,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/3050\/revisions\/3069"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=3050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=3050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=3050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}