{"id":6426,"date":"2022-06-29T22:21:16","date_gmt":"2022-06-30T03:21:16","guid":{"rendered":"https:\/\/1reason.com\/re\/greystone-provides-74-3-million-in-fannie-mae-financing-for-newark-affordable-housing-multifamily-portfolio\/6426\/"},"modified":"2022-06-30T17:21:16","modified_gmt":"2022-06-30T22:21:16","slug":"greystone-provides-74-3-million-in-fannie-mae-financing-for-newark-affordable-housing-multifamily-portfolio","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/greystone-provides-74-3-million-in-fannie-mae-financing-for-newark-affordable-housing-multifamily-portfolio\/6426\/","title":{"rendered":"Greystone Provides $74.3 Million in Fannie Mae Financing for Newark Affordable Housing Multifamily Portfolio"},"content":{"rendered":"<div> The transaction was originated by Hope Curtis, Director at Greystone.    <\/p>\n<p>The mission-driven Fannie Mae financing includes acquisition debt as five separate loans on a total of 17 multifamily properties, all carrying 10-year terms and 30-year amortization periods. The properties range in size from 9 units to 108 units each, with the rent-regulated units deemed affordable housing for residents at both 80% and 60% of Area Median Income (AMI).<\/p>\n<p>\u201cIt was such a pleasure working with our borrower to provide the financing for these simultaneous acquisitions, which will truly benefit the residents of Newark in the long term,\u201d said Ms. Curtis.\u201cIt\u2019s critical to preserve the country\u2019s affordable housing stock, and Greystone is committed to working with property investors to help them achieve this goal.\u201d<\/p>\n<p align=\"left\"><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=c3m4-6OYGHy5B5NZepsMC0yI7h2cYrqsCVDaP9DxFYHZ79a-34P-XvaTnYSvUJ2x5bs1vA8PYz1yizTEfUxq0Q==\" 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=RAs060hdQP4gtFotV9ZFkDegL7yJG4hiJefl_AQ2faWY_19mQIqKZhPtUXuzbLrRz3eQNcBdT8jOHcCjKoP5r9x_gQ7hNmQPRNkUz_WRj_w=\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Karen.Marotta@greyco.com\">Karen.Marotta@greyco.com<\/a><\/p>\n<\/p>\n<p><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" data-src=\"https:\/\/ml.globenewswire.com\/media\/YTFlMTIxNzEtNzU4Zi00NWRjLThmYjUtNDU5YmFlYzExYjQ4LTEwMzQ5NDg=\/tiny\/Greystone.png\"><\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<p align=\"left\">NEW YORK, June 02, 2022 (GLOBE NEWSWIRE) &#8212; Greystone, a leading national commercial real estate finance company, has provided a total of $74,300,000 in Fannie Mae Delegated Underwriting Servicing (DUS\u00ae) loans to refinance a 574-unit multifamily portfolio of affordable housing in Newark, NJ.<\/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\/6426"}],"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=6426"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/6426\/revisions"}],"predecessor-version":[{"id":6433,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/6426\/revisions\/6433"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=6426"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=6426"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=6426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}