{"id":6273,"date":"2022-06-07T14:48:13","date_gmt":"2022-06-07T19:48:13","guid":{"rendered":"https:\/\/1reason.com\/re\/greystone-provides-20-million-fannie-mae-dus-loan-to-refinance-multifamily-property-in-lanham-maryland\/6273\/"},"modified":"2022-06-08T09:48:13","modified_gmt":"2022-06-08T14:48:13","slug":"greystone-provides-20-million-fannie-mae-dus-loan-to-refinance-multifamily-property-in-lanham-maryland","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/greystone-provides-20-million-fannie-mae-dus-loan-to-refinance-multifamily-property-in-lanham-maryland\/6273\/","title":{"rendered":"Greystone Provides $20 Million Fannie Mae DUS\u00ae Loan to Refinance Multifamily Property in Lanham, Maryland"},"content":{"rendered":"<div> The transaction was originated by Cullen O\u2019Grady, Managing Director in Greystone\u2019s Rockville, MD office.  <\/p>\n<p>Developed in 1965, Del Vista Apartments comprises 168 one-bedroom, 36 one-bedroom with den, 79 two-bedroom, and 36 three-bedroom units on 14.59 acres. Amenities at the property include a swimming pool, playground, and common laundry room offered in each of the 25 buildings. Located in Prince George\u2019s County, the property has excellent access to major thoroughfares providing direct access to the Washington DC Central Business District and employment centers, including the University of Maryland, the United States Food and Drug Administration\u2019s (FDA) Center for Food Safety and Applied Nutrition, NASA\u2019s Goddard Space Flight Center, and the National Archives II facility.<\/p>\n<p>Greystone sourced the transaction through Marc Tropp, Senior Managing Director of Eastern Union Funding, a key Greystone correspondent. The borrower is a private investor and repeat Fannie Mae, Eastern Union, and Greystone client.<\/p>\n<p>\u201cWe executed the loan swiftly with very favorable terms through Fannie Mae\u2019s Streamline Rate Lock process, allowing the Borrower to lock their rate right after application during an extremely turbulent and volatile treasury market,\u201d said Mr. O\u2019Grady. \u201cWe are always grateful when trusted clients and correspondents come back to Greystone for Agency financing solutions, placing their trust not only in our lending capabilities but also our industry leading expertise especially during challenging times in the market.\u201d<\/p>\n<p><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=VxGqT6n-0kdD46U_J48LJAxFCF5WJCwdfrDgC24o5Fv3tMWM5_BZMIgi9b49AfMgdRh7VReRy9Yx0Jhrpu70oA==\" rel=\"nofollow noopener\" target=\"_blank\" title=\"www.greystone.com\">www.greystone.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=nqaBU7R7VXFcGRv2fiyWp047ZQty7v3iaWJLv2bQll8-0qlR2Pb7W48uS9ZaY6xU16awLco9wrThSHVk3C7RMIwV9-93fYbDGdAaFtaX8cc=\" 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\/NWIyZTJjZWUtY2NhZS00YTZmLWFjZDItZTI5NjI1Y2IwYWI1LTEwMzQ5NDg=\/tiny\/Greystone.png\"><\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<p align=\"left\">NEW YORK, May 11, 2022 (GLOBE NEWSWIRE) &#8212; Greystone, a leading national commercial real estate finance company, has provided a $20,000,000 Fannie Mae Delegated Underwriting and Servicing (DUS\u00ae) loan to refinance a 322-unit multifamily community in Lanham, Maryland.<\/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\/6273"}],"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=6273"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/6273\/revisions"}],"predecessor-version":[{"id":6287,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/6273\/revisions\/6287"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=6273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=6273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=6273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}