{"id":5456,"date":"2022-03-10T02:12:34","date_gmt":"2022-03-10T08:12:34","guid":{"rendered":"https:\/\/1reason.com\/re\/greystone-provides-44-million-fannie-mae-in-acquisition-financing-for-virginia-multifamily-portfolio\/5456\/"},"modified":"2022-03-10T20:12:34","modified_gmt":"2022-03-11T02:12:34","slug":"greystone-provides-44-million-fannie-mae-in-acquisition-financing-for-virginia-multifamily-portfolio","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/greystone-provides-44-million-fannie-mae-in-acquisition-financing-for-virginia-multifamily-portfolio\/5456\/","title":{"rendered":"Greystone Provides $44 Million Fannie Mae in Acquisition Financing for\u00a0Virginia Multifamily Portfolio"},"content":{"rendered":"
The transaction was originated by Steven Vainer, Managing Director at Greystone, on behalf of MRKT Capital. <\/p>\n

The non-recourse, fixed-rate, interest-only Fannie Mae loans all carry 12-year terms and six years of interest-only payments. The communities, Green Tree Apartments<\/strong> with 208 units, Emerald Lake Apartments<\/strong> with 132 units, and Oak Grove Apartments<\/strong> with 132 units, are all located in the Chesapeake market south of Norfolk, Virginia, and are well located to retail, entertainment, and industry\/workforce opportunities. The communities include volleyball courts, fitness centers, pool, and walking\/biking trails.<\/p>\n

\u201cWe are thrilled to add these well-located, desirable properties to our portfolio, and Greystone\u2019s guidance as a lender was critical to making the acquisition a success,\u201dsaid Colin Moorhead and Robert Thorsen, Principals, MRKT Capital.<\/p>\n

\u201cThe team at MRKT Capital has been a pleasure to work with, and I look forward to collaborating on future transactions,\u201d said Mr. Vainer.<\/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":"

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NEW YORK, Feb. 17, 2022 (GLOBE NEWSWIRE) — Greystone, a leading national commercial real estate finance company, has provided $44,317,000 in total Fannie Mae Delegated Underwriting Services (DUS\u00ae) financing for the acquisition of a 472-unit multifamily portfolio of three communities in Chesapeake, Virginia.<\/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\/5456"}],"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=5456"}],"version-history":[{"count":2,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/5456\/revisions"}],"predecessor-version":[{"id":5642,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/5456\/revisions\/5642"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=5456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=5456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=5456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}