{"id":3707,"date":"2021-08-16T07:22:47","date_gmt":"2021-08-16T12:22:47","guid":{"rendered":"https:\/\/1reason.com\/re\/greystone-provides-25-million-in-supplemental-fannie-mae-dus-financing-for-two-multifamily-properties-in-phoenix-az\/3707\/"},"modified":"2021-08-17T02:22:47","modified_gmt":"2021-08-17T07:22:47","slug":"greystone-provides-25-million-in-supplemental-fannie-mae-dus-financing-for-two-multifamily-properties-in-phoenix-az","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/greystone-provides-25-million-in-supplemental-fannie-mae-dus-financing-for-two-multifamily-properties-in-phoenix-az\/3707\/","title":{"rendered":"Greystone Provides $25 Million in Supplemental Fannie Mae DUS\u00ae Financing for Two Multifamily Properties in Phoenix, AZ"},"content":{"rendered":"
The new loan transactions were originated by Tony Spaeth and Trip Going of Greystone. <\/p>\n

The first property, a 461-unit complex, received $10,400,000 in Fannie Mae coterminous supplemental financing from Greystone. The property was built in 1983 and comprises 23 residential buildings, a laundry building, leasing office and golf cart shed, with studio-, one-, and two-bedroom units.<\/p>\n

The second property, a 548-unit complex, received $14,450,000 in coterminous supplemental Fannie Mae financing from Greystone. The property was built in 1980 an comprises 62 residential buildings, two clubhouses, and a leasing office, with one-, two-, and three-bedroom units.<\/p>\n

\u201cGreystone is a Top 10 Fannie Mae lender, and we are thrilled to have helped our repeat client deepen their relationship with Fannie Mae as a borrower with this supplemental financing,\u201d said Mr. Spaeth. \u201cComing out of the height of the pandemic, multifamily property owners are looking to maximize their equity to ensure the long-term strength of their investments.\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":"

\n

NEW YORK, July 29, 2021 (GLOBE NEWSWIRE) — Greystone, a leading national commercial real estate finance company, has provided a total of $24,850,000 in Fannie Mae Delegated Underwriting and Servicing (DUS\u00ae) loans as supplemental financing for two multifamily properties in Phoenix, AZ.<\/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\/3707"}],"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=3707"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/3707\/revisions"}],"predecessor-version":[{"id":3718,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/3707\/revisions\/3718"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=3707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=3707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=3707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}