{"id":4720,"date":"2021-12-15T17:50:43","date_gmt":"2021-12-15T23:50:43","guid":{"rendered":"https:\/\/1reason.com\/re\/greystone-provides-37-6-million-in-fannie-mae-financing-for-seattle-multifamily-portfolio\/4720\/"},"modified":"2021-12-16T11:50:43","modified_gmt":"2021-12-16T17:50:43","slug":"greystone-provides-37-6-million-in-fannie-mae-financing-for-seattle-multifamily-portfolio","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/greystone-provides-37-6-million-in-fannie-mae-financing-for-seattle-multifamily-portfolio\/4720\/","title":{"rendered":"Greystone Provides $37.6 Million in Fannie Mae Financing for Seattle Multifamily Portfolio"},"content":{"rendered":"<div> The financing was originated by Lorie Hanson, Managing Director at Greystone, with Mark Dibble of DSC Capital acting as correspondent on behalf of WRP Associates.  <\/p>\n<p align=\"left\">The non-recourse, fixed-rate Fannie Mae loans all carry 10-year terms and are interest-only for the duration of the loans. The financing includes loans for the following properties:<\/p>\n<ul type=\"disc\">\n<li>The Westside Off Broadway, a 45-unit property with an $11,420,000 loan;<\/li>\n<li>Capitol Court, a 44-unit property with a $6,670,000 loan;<\/li>\n<li>Belgrove Court, a 60-unit property with a $10,004,000 loan; and<\/li>\n<li>Lake Union Tower and Interlake Place, two properties comprising 51 units, with $9,480,000 in financing.<\/li>\n<\/ul>\n<p align=\"left\">\u201cIt\u2019s been a pleasure working with Tim Walker, Ian Poll, and Ron Rudy, as well as Mark, on this value-add refinance, enabling the borrowers to extract the properties\u2019 increased value and increase their cash flow,\u201d said Ms. Hanson.<\/p>\n<p align=\"left\">&#8220;Lorie and her team did a great job. Their product Knowledge and familiarity with the Seattle market was invaluable,&#8221; said Ron Rudy, key principal of the borrower.<\/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=VjFZKrOeDZaWBM5IN0ZMumd3lC_4807AZFfDsiCOkWDapfajierFsrTGuC8E_AdOB-QkZiMYnB6YNvxipSpx9g==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\" title=\"www.greystone.com\">www.greystone.com<\/a>.<\/p>\n<p align=\"left\"><strong>PRESS CONTACT:<\/strong><br \/>Karen Marotta<br \/>Greystone<br \/>212-896-9149<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=bRIVUtI6fFLogTMbE2k6Bqlq30rCLWmkROyb3LkDock2-UUpjmiozDRMFOYKrZCn1qiegxFLRXYi5qAbdcBCHTSM_BCbJuqCw5SjHduhpj0=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\" title=\"Karen.Marotta@greyco.com\">Karen.Marotta@greyco.com<\/a><\/p>\n<p><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" data-src=\"https:\/\/ml.globenewswire.com\/media\/NmYyYjEwMzQtYjcxNC00OWQ0LThhZTMtZDA3YjJlNjY1ZmU3LTEwMzQ5NDg=\/tiny\/Greystone.png\"><\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<p align=\"left\">NEW YORK, Nov. 17, 2021 (GLOBE NEWSWIRE) &#8212; Greystone, a leading national commercial real estate finance company, has provided $37,574,000 million in total Fannie Mae Delegated Underwriting and Servicing (DUS\u00ae) loans to refinance a 200-unit housing portfolio in Seattle, WA.<\/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\/4720"}],"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=4720"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/4720\/revisions"}],"predecessor-version":[{"id":4735,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/4720\/revisions\/4735"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=4720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=4720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=4720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}