{"id":7186,"date":"2022-10-25T02:56:45","date_gmt":"2022-10-25T07:56:45","guid":{"rendered":"https:\/\/1reason.com\/re\/greystone-provides-22-6-million-in-fannie-mae-dus-financing-for-multifamily-property-in-college-station-texas\/7186\/"},"modified":"2022-10-25T21:56:45","modified_gmt":"2022-10-26T02:56:45","slug":"greystone-provides-22-6-million-in-fannie-mae-dus-financing-for-multifamily-property-in-college-station-texas","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/greystone-provides-22-6-million-in-fannie-mae-dus-financing-for-multifamily-property-in-college-station-texas\/7186\/","title":{"rendered":"Greystone Provides $22.6 Million in Fannie Mae DUS\u00ae Financing for Multifamily Property in College Station, Texas"},"content":{"rendered":"<div> The financing was originated by Dan Sacks and Harrison Drucker in Greystone\u2019s New York office, on behalf of a Texas-based developer.  <\/p>\n<p>Constructed in 2011, <strong>21 Gramercy Park in Brazos County<\/strong> is a garden-style apartment community consisting of 21 buildings with one-, two- and three-bedroom units. The $22,607,000 non-recourse, fixed-rate financing carries a 10-year term and 30-year amortization, with full-term interest-only payments. In addition to refinancing, loan proceeds enable the borrower to continue with capital improvements and monetize a portion of the equity in the property.<\/p>\n<p>\u201cWe\u2019re thrilled that our extensive multifamily expertise, including our nationally recognized Agency lending platform, helps clients find financing solutions that are right for their property\u2019s circumstances,\u201d said Mr. Sacks. \u201cOur goal is to provide clients a superior experience by executing seamlessly on every transaction.\u201d<\/p>\n<p>\u201cIt was a pleasure working with this sponsor and delivering a seamless execution in a turbulent market. We were able to secure a full-term interest-only loan and rate lock in under two weeks, which was key to meeting our client\u2019s timeframe,\u201d said Mr. Drucker.<\/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=FfpeBfmqcZYjdf2djF9V06TKK9zeL1-9TiL-A7SL4uOeIevL0Hf4l3-8f1TO4dTDEyDrGy4XR6NHqFcPvsALWg==\" 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=DfShDIkqMgRelfeQwbAmeTiSLI26wx3XRoqUCwsocX6bxggKt1aipTScNjw7sLqTr2hW_AgWJC9K5w2zNuBQcwg9ioWp_qdURBrsVfpJlek=\" 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\/Nzc4M2UxZjgtYzFkOS00MDhkLWJlMTUtZmM0MjI0ZGIyMGM1LTEwMzQ5NDg=\/tiny\/Greystone.png\"><\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<p align=\"left\">NEW YORK, Sept. 29, 2022 (GLOBE NEWSWIRE) &#8212; Greystone, a leading national commercial real estate finance company, has provided a $22.6 million Fannie Mae Delegated Underwriting &amp; Servicing (DUS\u00ae) loan to refinance a 262-unit multifamily property in Bryan, Texas.<\/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\/7186"}],"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=7186"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/7186\/revisions"}],"predecessor-version":[{"id":7205,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/7186\/revisions\/7205"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=7186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=7186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=7186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}