{"id":4719,"date":"2021-12-15T17:50:42","date_gmt":"2021-12-15T23:50:42","guid":{"rendered":"https:\/\/1reason.com\/re\/greystone-provides-15-9-million-fannie-mae-loan-to-refinance-historic-beverly-hills-apartment-community\/4719\/"},"modified":"2021-12-16T11:50:42","modified_gmt":"2021-12-16T17:50:42","slug":"greystone-provides-15-9-million-fannie-mae-loan-to-refinance-historic-beverly-hills-apartment-community","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/greystone-provides-15-9-million-fannie-mae-loan-to-refinance-historic-beverly-hills-apartment-community\/4719\/","title":{"rendered":"Greystone Provides $15.9 Million Fannie Mae Loan to Refinance Historic Beverly Hills Apartment Community"},"content":{"rendered":"
The new permanent financing was originated by Dale Holzer, Managing Director at Greystone. <\/p>\n

The $15,966,500 Fannie Mae loan carries a 10-year term and along with a low, fixed rate and ten years of interest-only payments. Purchased in 2003 by the current owners, Park Rodeo Apartments <\/strong>was built in 1937, and comprises studio, one-, two-, and three-bedroom units. The restored Old Hollywood courtyard style apartment building is situated on iconic Rodeo Drive and includes amenities such as a fitness room and parking garage.<\/p>\n

\u201cThis quintessential Beverly Hills apartment community is a gem in the sponsors\u2019 portfolio, and it\u2019s been a pleasure helping them extract the property\u2019s value and increase cash flow with a permanent Fannie Mae loan,\u201d said Mr. Holzer. \u201cWe look forward to future transactions with the team as they grow their portfolio.\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, Nov. 17, 2021 (GLOBE NEWSWIRE) — Greystone, a leading national commercial real estate finance company, has provided a $15.9 million Fannie Mae Delegated Underwriting and Servicing (DUS\u00ae) loan to refinance a 19-unit multifamily property in Beverly Hills, 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\/4719"}],"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=4719"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/4719\/revisions"}],"predecessor-version":[{"id":4734,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/4719\/revisions\/4734"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=4719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=4719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=4719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}