{"id":5762,"date":"2022-04-06T20:50:11","date_gmt":"2022-04-07T01:50:11","guid":{"rendered":"https:\/\/1reason.com\/re\/greystone-provides-9-7-million-in-fannie-mae-dus-financing-for-multifamily-portfolio-in-brooklyn-new-york\/5762\/"},"modified":"2022-04-07T15:50:11","modified_gmt":"2022-04-07T20:50:11","slug":"greystone-provides-9-7-million-in-fannie-mae-dus-financing-for-multifamily-portfolio-in-brooklyn-new-york","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/greystone-provides-9-7-million-in-fannie-mae-dus-financing-for-multifamily-portfolio-in-brooklyn-new-york\/5762\/","title":{"rendered":"Greystone Provides $9.7 Million in Fannie Mae DUS\u00ae Financing for Multifamily Portfolio\u00a0in Brooklyn, New York"},"content":{"rendered":"<div> The transaction was originated by Jason Yuen of Greystone, with Abe Weinstock acting as correspondent.  <\/p>\n<p>The properties \u2013 <strong>1624 East 12<\/strong><sup><strong>th<\/strong><\/sup><strong> Street<\/strong> in Midwood and <strong>116, 118, 118A, 120 Seigel Street <\/strong>in Williamsburg \u2013 were constructed by the borrower in 2006 and 2008, respectively, and consist of a mix of one-, two-, and three-bedroom units. The non-recourse, fixed rate $9.7 million loan carries a 10-year term and 30-year amortization, with two years of interest-only payments and 74% loan-to-value (LTV).<\/p>\n<p>\u201cGreystone\u2019s specialty is tapping our deep well of multifamily resources to navigate through complex transactions, and we love partnering with clients who have a strong connection to, and pride of ownership in, their properties,\u201d said Mr. Yuen. \u201cThis financing was no exception &#8211; our team worked tirelessly to ensure a swift closing that satisfied all of the parties and we look forward to delighting this client again in the future.\u201d<\/p>\n<p>\u201cJason and his team at Greystone are true partners who take unusual care to raise the bar on every transaction,\u201d said Mr. Weinstock, correspondent on this transaction. \u201cI value their insights and the level of care and service they provide to my clients, which is why I look forward to more successful closings with Greystone down the road.\u201d<\/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=0ZTJDBFR-2AqxSwJ4pAoN6WeN6Aa2wKI2JtRIr6caiPO-m0HjdJfxqgD9If0ZUhCtS0ISHaXqOae6Y6-GWgGNQ==\" rel=\"nofollow noopener\" 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=QEZIRB00eu_WL0_GpUiZNXsj9rtKswJMZX44c6GUrBjeL-0WUXu2hXXGvFID4OrktIf-MWJFfKGemkWs7ptk9TVYcqtrc_mBoHMSh6qRWG8=\" rel=\"nofollow noopener\" 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\/ZGYyODczYTEtOTVjOS00NzM3LWJkOGUtMWQ1MzQ2YWU3Njc1LTEwMzQ5NDg=\/tiny\/Greystone.png\"><\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<p align=\"left\">NEW YORK, March 15, 2022 (GLOBE NEWSWIRE) &#8212; Greystone, a leading national commercial real estate finance company, has provided a $9,745,000 Fannie Mae Delegated Underwriting and Servicing (DUS\u00ae) loan to refinance a multifamily portfolio consisting of 24 units in Brooklyn, New York.<\/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\/5762"}],"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=5762"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/5762\/revisions"}],"predecessor-version":[{"id":5771,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/5762\/revisions\/5771"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=5762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=5762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=5762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}