{"id":3868,"date":"2021-09-09T04:31:57","date_gmt":"2021-09-09T09:31:57","guid":{"rendered":"https:\/\/1reason.com\/re\/greystone-provides-9-million-in-fannie-mae-financing-for-multifamily-property-in-ogden-utah\/3868\/"},"modified":"2021-09-09T23:31:57","modified_gmt":"2021-09-10T04:31:57","slug":"greystone-provides-9-million-in-fannie-mae-financing-for-multifamily-property-in-ogden-utah","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/greystone-provides-9-million-in-fannie-mae-financing-for-multifamily-property-in-ogden-utah\/3868\/","title":{"rendered":"Greystone Provides $9 Million in Fannie Mae Financing for Multifamily Property in Ogden, Utah"},"content":{"rendered":"<div> The financing was originated by Lorie Hanson and Shana Daby, Managing Directors at Greystone, on behalf of Knox on 12<sup>th<\/sup> Street, LLC.    <\/p>\n<p>The non-recourse $9,005,000 Fannie Mae loan carries a 12-year term, a fixed interest rate, four years of interest-only payments, and a 30-year amortization period. <strong>Knox on 12<\/strong><sup><strong>th<\/strong><\/sup><strong> Apartments<\/strong> completed construction in 2020 and leased up rapidly. It is a mid-rise two-building property offering one- and two\u2013bedroom units with modern appliances and finishes, in-unit washers and dryers, walk-in closets and private outdoor spaces. The pet-friendly property also offers 24-hour secure access and on-site parking. The property is conveniently located near the area\u2019s shopping, entertainment and dining establishments, and is close to major arteries that lead to I-15 and Salt Lake City.<\/p>\n<p>\u201cWe are committed to serving our clients well \u2013 whether it\u2019s their first time working with us or if they have been with Greystone for decades, we want to help bring the vision for their properties to life,\u201d said Ms. Hanson. \u201cGreystone has deep experience and knowledge in the multifamily space that few can match, and our extensive lending platform can meet clients\u2019 needs across the capital stack.\u201d<\/p>\n<p>\u201cThe caliber of our Greystone team was second to none. Greystone is committed to making our experience as seamless as possible and we look forward to many successful closings in the future,\u201d said Johnny Clawson, principal of Knox on 12<sup>th<\/sup> Street, LLC.<\/p>\n<p align=\"left\"><strong>About Greystone<\/strong><br \/>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 <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=u0WFOs8LtHPNERuFadLy8NBqn0b4m8-_NUMlaZQ331RlyEvUgSAhSis_Vph6AS9gcAv05a8DwPmQuANqD7Lypg==\" 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=QlVz1CmE-ueFmHAVGiM1ql1QPoj5kYgKRioAH_v6Z73nhNEdrbHbRryVsIuZGuGFp5e-oNz1vj6SAGMpO8F2HyZtPENnm5c5UFaADeFfNqg=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\" title=\"Karen.Marotta@greyco.com\">Karen.Marotta@greyco.com<\/a><\/p>\n<\/p>\n<p><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" data-src=\"https:\/\/ml.globenewswire.com\/media\/M2RlNjE3NGYtMzAxOS00MWFlLWE2ODItZGRmMDU0MzJlOWMwLTEwMzQ5NDg=\/tiny\/Greystone.png\"><\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<p align=\"left\">NEW YORK, Aug. 12, 2021 (GLOBE NEWSWIRE) &#8212; Greystone, a leading national commercial real estate finance company, has provided a $9 million Fannie Mae Delegated Underwriting and Servicing (DUS\u00ae) Green Building Certification loan to refinance a newly-constructed 56-unit multifamily property in Ogden, Utah.<\/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\/3868"}],"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=3868"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/3868\/revisions"}],"predecessor-version":[{"id":3874,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/3868\/revisions\/3874"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=3868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=3868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=3868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}