{"id":7566,"date":"2022-12-19T20:29:06","date_gmt":"2022-12-20T02:29:06","guid":{"rendered":"https:\/\/1reason.com\/re\/greystone-provides-62-7-million-in-fannie-mae-dus-financing-for-multifamily-property-in-salt-lake-city-utah\/7566\/"},"modified":"2022-12-20T14:29:06","modified_gmt":"2022-12-20T20:29:06","slug":"greystone-provides-62-7-million-in-fannie-mae-dus-financing-for-multifamily-property-in-salt-lake-city-utah","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/greystone-provides-62-7-million-in-fannie-mae-dus-financing-for-multifamily-property-in-salt-lake-city-utah\/7566\/","title":{"rendered":"Greystone Provides $62.7 Million in Fannie Mae DUS\u00ae Financing for\u00a0Multifamily Property in Salt Lake City, Utah"},"content":{"rendered":"<div> The financing was originated by Lorie Hanson, Managing Director at Greystone, with Johnny Clawson from The Clawson Group, Inc. acting as correspondent.  <\/p>\n<p>Constructed in 2020, <strong>Lehi Tech<\/strong> is mid-rise apartment community with five elevator buildings that features one- and two-bedroom units. The $62,746,000 non-recourse, fixed-rate financing carries a 10-year term and 30-year amortization, with full-term interest-only payments. The property achieved a Fannie Mae Green Globes certification for its energy and water usage upgrades. In addition to refinancing, loan proceeds enable the borrower to monetize a portion of their equity in the property.<\/p>\n<p>\u201cAt Greystone, we get excited about helping clients secure the right financing solutions and ensuring they have a seamless and superior service experience,\u201d said Ms. Hanson. \u201cWe\u2019re always thrilled when clients come back to Greystone for our deep multifamily capabilities \u2013 to us, there is no greater thank you.\u201d<\/p>\n<p>\u201cIt\u2019s always an easy decision to choose Greystone \u2013 they are experts in multifamily finance and a true partner on every transaction,\u201d said Mr. Bryan R. Wrigley, principal of the borrower. \u201cRegardless of whether our issues are complex or straightforward, our Greystone team brings valuable insights and a level of care that exceed our expectations, every time.\u201d<\/p>\n<p>\u201cWe appreciate Greystone\u2019s guidance and knowledge of the multifamily finance landscape, making this refinance a successful transaction,\u201d added Mr. Mike Christensen and Mr. Kevin Garn, both key principals to the borrower.<\/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=-6UFbwS3biRH8krS5uKD3drD_EJEf92B9ApGXA6BnfBZUvu3bcduVvIB76E3CZtEmBJh4jlOaEV6vs4Vm9eRXA==\" 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=dGFMWnomnTdcj0RRl8LSpUbDe2lMIqPtATC5eDG3N6INnOLGKTxQ6jTOw2800qgBW_75OsW21sn3UXs2dqJ7ikc7khKfJvkyUjB-Yj17KHs=\" 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\/ZGI3MGI3NzQtMmQ2MC00NGNkLTkzZDgtZTkwZmJlNGUwZDQzLTEwMzQ5NDg=\/tiny\/Greystone.png\"><\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<p align=\"left\">NEW YORK, Nov. 15, 2022 (GLOBE NEWSWIRE) &#8212; Greystone, a leading national commercial real estate finance company, has provided a $62,746,000 Fannie Mae Delegated Underwriting &amp; Servicing (DUS\u00ae) Green Rewards loan to refinance a 330-unit multifamily property in Lehi, Utah.<\/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\/7566"}],"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=7566"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/7566\/revisions"}],"predecessor-version":[{"id":7596,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/7566\/revisions\/7596"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=7566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=7566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=7566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}