{"id":5137,"date":"2022-02-06T13:50:12","date_gmt":"2022-02-06T19:50:12","guid":{"rendered":"https:\/\/1reason.com\/re\/greystone-provides-9-million-fannie-mae-loan-for-alabama-apartment-complex\/5137\/"},"modified":"2022-02-07T07:50:12","modified_gmt":"2022-02-07T13:50:12","slug":"greystone-provides-9-million-fannie-mae-loan-for-alabama-apartment-complex","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/greystone-provides-9-million-fannie-mae-loan-for-alabama-apartment-complex\/5137\/","title":{"rendered":"Greystone Provides $9 Million Fannie Mae Loan for Alabama Apartment Complex"},"content":{"rendered":"<div> The transaction was originated by Keith Hires and Carter King, Managing Directors at Greystone, on behalf of Fillmore Capital Partners.  <\/p>\n<p>The non-recourse, fixed-rate, interest-only $9 million Fannie Mae loan for <strong>The Benton Apartment Homes<\/strong> carries a 10-year term. Located in Jefferson County within the Birmingham MSA, Benton Apartments is 100% occupied and comprises 24 one-bedroom, 76 two-bedroom, and 16 three-bedroom residential units. The property includes amenities such as a clubhouse with business center, playground, and swimming pool.<\/p>\n<p>\u201cWe are very excited about our acquisition of this strong performing asset in a premiere, high growth submarket of Birmingham, which is our first acquisition in Alabama and a logical expansion for our portfolio, which includes over 3,500 units in Georgia,\u201dsaid Michael O. Reinardy, Chief Acquisitions Officer at Fillmore Capital Partners.<\/p>\n<p>\u201cFillmore has been a pleasure to work with over the years, and we are honored to have played an integral role in helping them to grow their multifamily investment portfolio in the U.S.,\u201d said Mr. Hires.<\/p>\n<p align=\"justify\"><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=mPCbETxy5svmmTMu0sr4HYS5SJQ44ZtAlR-U3dh1AF3I2oCHib98d5PHCv5cOL338ypJXGnWDrZlcQgusUOAxg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\" title=\"www.greystone.com\">www.greystone.com<\/a>.<\/p>\n<p><strong>About Fillmore Capital Partners<\/strong><br \/>Fillmore Capital Partners is a private investment company with principal focus on multifamily housing, healthcare, entertainment, lodging, and other specialized real estate investments. For more information, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=MdVS4dsdfCcYZe9bHGA2vKI1eE_-XnKD9zqT8QJYnXorDKH8zU3338wyriNKJ7r4lqFI_5DiR19bKUBMzKUl3ycUKcOTiJbNloj4sKwjV58LWQW-QIre65yrJ3qiu-lYQAwVrCNs5hWRIFCyocaQ6u8dvyIFMoZ-kZOW0_oFrdPaqSBnTqjqZr9rbIw4qwkKc7e2Kywha6bLtshdQKNHxjPFJFRgSgyhj4TB5ds1BCIl6N0wnN2TE4egnrzgFb-7_MPv69hUHPjX8CfyuxtNjGF2oDxguUIDak7Ojj0t7lTur48PPweOSmcrQttFeXkVfBU-8GNxzwXZ7ukoP2xYmw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\" title=\"www.fillmorecap.com\">www.fillmorecap.com<\/a>.<\/p>\n<p><strong>PRESS CONTACT:<\/strong><br \/>Karen Marotta<br \/>Greystone<br \/>212-896-9149<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=sXOYW_cZivzLRO7DXNy66fKZEEDJMB-aG9u5Kt49Fgi4vLtDGvQO3EjOKqzZrHeaC4Ti31wsA_nRntijNshPE9nYcrvtXcZ3cSe74mJ2HTQ=\" 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\/NjIzMzcyMDUtMTI1Yy00NTMyLTg1ZjMtOTU2Yzg4NDYxMDhmLTEwMzQ5NDg=\/tiny\/Greystone.png\"><\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<p align=\"left\">NEW YORK, Jan. 18, 2022 (GLOBE NEWSWIRE) &#8212; Greystone, a leading national commercial real estate finance company, has provided an $8,972,000 Fannie Mae Delegated Underwriting Services (DUS\u00ae) loan to refinance a 116-unit multifamily property in Hoover, Alabama.<\/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\/5137"}],"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=5137"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/5137\/revisions"}],"predecessor-version":[{"id":5150,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/5137\/revisions\/5150"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=5137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=5137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=5137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}