{"id":3982,"date":"2021-09-21T23:52:54","date_gmt":"2021-09-22T04:52:54","guid":{"rendered":"https:\/\/1reason.com\/re\/greystone-provides-22-million-loan-for-indiana-multifamily-acquisition\/3982\/"},"modified":"2021-09-22T18:52:54","modified_gmt":"2021-09-22T23:52:54","slug":"greystone-provides-22-million-loan-for-indiana-multifamily-acquisition","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/greystone-provides-22-million-loan-for-indiana-multifamily-acquisition\/3982\/","title":{"rendered":"Greystone Provides $22 Million Loan for Indiana Multifamily Acquisition"},"content":{"rendered":"
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Wildwood Village Apartments<\/h5>\n

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NEW YORK, Aug. 27, 2021 (GLOBE NEWSWIRE) — Greystone<\/a>, a leading national commercial real estate finance company, has provided a $22 million Fannie Mae Delegated Underwriting and Servicing (DUS\u00ae) loan to acquire a 324-unit multifamily property in Indianapolis, Indiana. The financing was originated by Dan Sacks, Managing Director at Greystone, for long-time client Cyclone Wildwood 324, LLC.<\/p>\n

The $21,996,000 Fannie Mae loan carries a 12-year term and 30-year amortization, along with a low, fixed rate and five years of interest-only payments. Wildwood Village Apartments<\/strong> consists of 33 garden-style apartment buildings, offering one- and two-bedroom units with modern appliances, in-unit washer\/dryer hook ups, fireplaces, generous storage and private outdoor spaces. Residents of the pet-friendly community also enjoy access to the community clubhouse, business center, fitness center, swimming pool, sports court and dog park. The property is located near Interstate 65 and offers easy access to downtown Indianapolis, as well as to the area\u2019s dining and shopping establishments.<\/p>\n

\u201cThere is no greater compliment than when clients come back to us with other properties in their portfolio,\u201d said Mr. Sacks. \u201cThe long-standing relationships we\u2019ve built with our clients are based on their trust in our proven ability to understand their needs and execute their transactions seamlessly.\u201d<\/p>\n

\u201cWhen we\u2019re under a timeline to acquire an asset, we know we can rely on Greystone to get the deal done,\u201d said Mr. Eichorn, principal of Cyclone Wildwood 324. \u201cThis was another successful 1031 exchange \u2013 we truly rely on Greystone because they demonstrate a passion and vision for our properties that mirrors our own, and frankly, their knowledge of the multifamily space is really unparalleled in this industry.\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

A photo accompanying this announcement is available at https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/956cc682-df5c-4ee1-a7c9-215dc5288143<\/a><\/p>\n

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Wildwood Village Apartments <\/p>\n
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