{"id":4452,"date":"2021-11-11T17:48:10","date_gmt":"2021-11-11T23:48:10","guid":{"rendered":"https:\/\/1reason.com\/re\/greystone-provides-14-5-million-fannie-mae-loan-to-refinance-an-affordable-housing-property-in-woodland-ca\/4452\/"},"modified":"2021-11-12T11:48:10","modified_gmt":"2021-11-12T17:48:10","slug":"greystone-provides-14-5-million-fannie-mae-loan-to-refinance-an-affordable-housing-property-in-woodland-ca","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/greystone-provides-14-5-million-fannie-mae-loan-to-refinance-an-affordable-housing-property-in-woodland-ca\/4452\/","title":{"rendered":"Greystone Provides $14.5 Million Fannie Mae Loan to Refinance an Affordable Housing\u00a0Property in Woodland, CA"},"content":{"rendered":"
The financing was originated by Dale Holzer, Managing Director at Greystone. <\/p>\n

The $14,550,000 Fannie Mae loan carries a 10-year term and 30-year amortization, along with a low, fixed rate. Woodmark Apartments<\/strong> consists of 14 garden-style apartment buildings, offering one-, two- and three-bedroom units. Residents of the community enjoy access to the business center, fitness center, swimming pool, playground, and basketball court. The property was built in 2000 using 4% Low Income Housing Tax Credits and Tax Exempt Bond Financing. All of the units are set aside at 60% or less than area median income (AMI).<\/p>\n

\u201cOur deep experience with Fannie Mae and its products has equipped us to provide the client with a financing solution tailored to their needs,\u201d said Mr. Holzer. \u201cWe are thrilled to help play a role in making this refinance happen for our client.\u201d<\/p>\n

\u201cGreystone\u2019s understanding of the nuances of the local market, and of the particulars of the multifamily space, are unparalleled,\u201d said Bob Korda, key principal of the borrower.<\/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, Oct. 27, 2021 (GLOBE NEWSWIRE) — Greystone, a leading national commercial real estate finance company, has provided a $14.5 million Fannie Mae Delegated Underwriting and Servicing (DUS\u00ae) Multifamily Affordable Loan (MAH) loan to refinance a 173-unit affordable housing property in Woodland, CA.<\/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\/4452"}],"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=4452"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/4452\/revisions"}],"predecessor-version":[{"id":4485,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/4452\/revisions\/4485"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=4452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=4452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=4452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}