{"id":6241,"date":"2022-06-02T14:17:41","date_gmt":"2022-06-02T19:17:41","guid":{"rendered":"https:\/\/1reason.com\/re\/greystone-provides-33-7-million-fannie-mae-dus-loan-to-acquire-multifamily-property-in-jonesboro-arkansas\/6241\/"},"modified":"2022-06-03T09:17:41","modified_gmt":"2022-06-03T14:17:41","slug":"greystone-provides-33-7-million-fannie-mae-dus-loan-to-acquire-multifamily-property-in-jonesboro-arkansas","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/greystone-provides-33-7-million-fannie-mae-dus-loan-to-acquire-multifamily-property-in-jonesboro-arkansas\/6241\/","title":{"rendered":"Greystone Provides $33.7 Million Fannie Mae DUS\u00ae Loan to Acquire Multifamily Property in Jonesboro, Arkansas"},"content":{"rendered":"<div> The financing was originated by Eric Rosenstock and Dan Sacks, Co-Managing Directors in Greystone\u2019s New York office, on behalf of CLK Properties.  <\/p>\n<p align=\"left\">Constructed in 2011, <strong>Willow Creek Apartments <\/strong>in Craighead County consists of 12 garden-style buildings with one-, two- and three-bedroom units. The $33.7 million non-recourse Fannie Mae Green Mortgage loan carries a 10-year term and 30-year amortization along with full-term, interest-only payments. The property has received Energy Star Certification for Fannie Mae\u2019s Green Building Certification, which recognizes the top 25% of the most energy-efficient buildings within its class.<\/p>\n<p>\u201cWe work hard to earn our clients\u2019 trust on every transaction, so there is no greater \u2018vote of confidence\u2019 than when a client comes to Greystone for help in financing additions to their portfolios,\u201d said Mr. Rosenstock. \u201cWe couple our extensive expertise in multifamily lending with a deep commitment to serving clients well for an experience they won\u2019t get anywhere else.\u201d<\/p>\n<p>\u201cOur Greystone team truly understands the nuances of multifamily financing, which benefits us not only at closing but at every stage of the transaction,\u201d said Mr. Craig Koenigsberg, CEO of CLK Properties and a valued client of Greystone. \u201cGreystone is our trusted partner because they believe in our vision for each of our properties and then work tirelessly to help us make the vision a reality.\u201d<\/p>\n<p>The Willow Creek Apartments sale was brokered by Aaron Jungreis and David Wildes of Rosewood Realty Group. \u201cThe completion of this transaction further highlights the success of Rosewood and Greystone\u2019s correspondent relationship and I\u2019m happy to add this to the list of wins,\u201d added Mr. Jungreis.<\/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=N0_PyDGHduR9D8Ilh8JFi-ZVY_X7T4luRrSNvxNxx1ub_dTl5WuibBXT-FAYdiKt4t8YPYF9yvTN_IUtOYDSmQ==\" 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=L-CoL-V1tSyE1AGsyte6uLZVDWemYqhndkXG1JuIVkxg3PcW8SyEQXXZOkzgarARqn5giUhvRCWywDiJQD4kb0TwTZqc7BAdg3-4YsMSz_Y=\" 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\/ZmUxOWQ5ZjgtOWJiMi00NTQ5LWE2MzYtMThkMDg0ODJjN2M3LTEwMzQ5NDg=\/tiny\/Greystone.png\"><\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<p align=\"left\">NEW YORK, May 09, 2022 (GLOBE NEWSWIRE) &#8212; Greystone, a leading national commercial real estate finance company, has provided a $33,717,000 Fannie Mae Delegated Underwriting and Servicing (DUS\u00ae) loan for the acquisition of a 324-unit multifamily property in Jonesboro, Arkansas.<\/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\/6241"}],"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=6241"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/6241\/revisions"}],"predecessor-version":[{"id":6263,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/6241\/revisions\/6263"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=6241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=6241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=6241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}