{"id":3646,"date":"2021-08-09T21:32:22","date_gmt":"2021-08-10T02:32:22","guid":{"rendered":"https:\/\/1reason.com\/re\/greystone-closes-27-4-million-fannie-mae-loan-for-multifamily-acquisition-in-raleigh-north-carolina\/3646\/"},"modified":"2021-08-10T16:32:22","modified_gmt":"2021-08-10T21:32:22","slug":"greystone-closes-27-4-million-fannie-mae-loan-for-multifamily-acquisition-in-raleigh-north-carolina","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/greystone-closes-27-4-million-fannie-mae-loan-for-multifamily-acquisition-in-raleigh-north-carolina\/3646\/","title":{"rendered":"Greystone Closes $27.4 Million Fannie Mae Loan for Multifamily\u00a0Acquisition in Raleigh, North Carolina"},"content":{"rendered":"
The transaction was originated by Scott Chisholm, Michael Zampetti, and Rich Swietkowski of Greystone, on behalf of Bluerock Residential Growth REIT, Inc. <\/p>\n

Greystone provided the original acquisition loan securing Windsor Falls Apartments<\/strong> in 2017, and the $27.4 million Fannie Mae DUS loan includes the original terms – a 10-year, fixed rate loan with a 30-year amortization and five years of interest-only payments. The 96% occupied community consists of 13 three-story buildings constructed in 1994 and includes amenities such as a clubhouse, fitness center, yoga room, and swimming pool.<\/p>\n

\u201cThis acquisition was nearly seamless with Greystone\u2019s guidance and expertise with the asset and Agency financing,\u201d Bluerock commented.<\/p>\n

\u201cGreystone\u2019s long relationship with Fannie Mae is certainly beneficial for our clients, and it\u2019s gratifying when a client is happy with the existing financing terms at acquisition,\u201d said Mr. Zampetti. \u201cThe seller improved the property during their hold period, and Bluerock is now acquiring a quality asset for their portfolio that will perform well over time.\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, July 26, 2021 (GLOBE NEWSWIRE) — Greystone, a leading national commercial real estate finance company, has closed a $27.4 Fannie Mae Delegated Underwriting and Servicing (DUS\u00ae) loan for the $48.8 million acquisition of a 276-unit multifamily property in Raleigh, North Carolina.<\/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\/3646"}],"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=3646"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/3646\/revisions"}],"predecessor-version":[{"id":3667,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/3646\/revisions\/3667"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=3646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=3646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=3646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}