{"id":5159,"date":"2022-02-07T22:15:35","date_gmt":"2022-02-08T04:15:35","guid":{"rendered":"https:\/\/1reason.com\/re\/greystone-provides-31-million-fannie-mae-green-rewards-loan-to-refinance-kentucky-multifamily-property\/5159\/"},"modified":"2022-02-08T16:15:35","modified_gmt":"2022-02-08T22:15:35","slug":"greystone-provides-31-million-fannie-mae-green-rewards-loan-to-refinance-kentucky-multifamily-property","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/greystone-provides-31-million-fannie-mae-green-rewards-loan-to-refinance-kentucky-multifamily-property\/5159\/","title":{"rendered":"Greystone Provides $31 Million Fannie Mae Green Rewards Loan to Refinance Kentucky Multifamily Property"},"content":{"rendered":"<div> The financing was originated by Michael Zukerman, Managing Director at Greystone on behalf of Dearborn Capital Partners LLC.  <\/p>\n<p>The $30,975,000 Fannie Mae loan carries a 10-year term and 30-year amortization, along with a low, fixed rate. <strong>Germantown Mill Lofts <\/strong>was originally constructed in 1889 and operated as a fabric mill through the mid-20<sup>th<\/sup> Century. After subsequent use as a retail facility, the property was eventually converted into residential units and completed in 2017. The substantial rehabilitation included significant environmental remediation, qualifying the project for Fannie Mae Green Rewards incentives. In addition to the studio, one-, and two-bedroom units, Germantown Mill Lofts includes a fitness center, community pool, outdoor grilling area, bocce ball court, pet park and spa, and clubhouse.<\/p>\n<p>\u201cWorking with the Dearborn team was truly a pleasure as this property \u2013 rich in history \u2013 was brought from its 19<sup>th<\/sup> Century roots to the 21<sup>st<\/sup> Century from an energy efficiency standpoint, and now provides shelter to hundreds of Louisville residents,\u201d said Mr. Zukerman. \u201cWe look forward to working with Dearborn on future transactions.\u201d<\/p>\n<p>&#8220;When we hired Greystone to take us through the Fannie Mae refinance process at Germantown Mill Lofts, they expertly advised us on all aspects of the transaction from environmental to income andvaluation, and helped us to maximize proceeds,\u201d said Todd Underhill, key principal of the borrower. \u201cWe are extremely pleased and intend to work with Greystone on many future transactions.&#8221;<\/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=Ub0bJCrdv6IDXeC3lq4xGFAHFjiPRP500_iX_0nPM0p7dHQ8ffNw0nlydfWJgPkf8jTMntw_fXtPA7quuiZsgQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\" title=\"www.greystone.com\">www.greystone.com<\/a>.<\/p>\n<p align=\"justify\"><strong>PRESS CONTACT:<\/strong><br \/>Karen Marotta<br \/>Greystone<br \/>212-896-9149<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=s8GGcGD9STySpMhyBPMIckVcdsWARLVyQF5radbCRXC0AGy_59IwrUh-keQ3X0t_YN2oYeRcSZvpedZXJTHmD8g6rebwStOTEs92utk9bYw=\" 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\/YTdhMTU5OGUtYjQ3Yy00NDQyLWJiYjgtMmEwYzJlMGY1M2ZiLTEwMzQ5NDg=\/tiny\/Greystone.png\"><\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<p align=\"left\">NEW YORK, Jan. 19, 2022 (GLOBE NEWSWIRE) &#8212; Greystone, a leading national commercial real estate finance company, has provided a $31 million Fannie Mae Delegated Underwriting and Servicing (DUS\u00ae) Green Rewards loan to refinance a 189-unit multifamily property in Louisville, KY.<\/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\/5159"}],"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=5159"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/5159\/revisions"}],"predecessor-version":[{"id":5169,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/5159\/revisions\/5169"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=5159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=5159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=5159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}