{"id":8822,"date":"2023-06-11T15:15:10","date_gmt":"2023-06-11T20:15:10","guid":{"rendered":"https:\/\/1reason.com\/re\/greystone-provides-34-million-in-fannie-mae-dus-financing-for-multifamily-property-in-pensacola-florida\/8822\/"},"modified":"2023-06-12T10:15:10","modified_gmt":"2023-06-12T15:15:10","slug":"greystone-provides-34-million-in-fannie-mae-dus-financing-for-multifamily-property-in-pensacola-florida","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/greystone-provides-34-million-in-fannie-mae-dus-financing-for-multifamily-property-in-pensacola-florida\/8822\/","title":{"rendered":"Greystone Provides $34 Million in Fannie Mae DUS\u00ae Financing for Multifamily Property in Pensacola, Florida"},"content":{"rendered":"<div> The financing was originated by Carter King, Managing Director at Greystone, on behalf of Hallmark DE Nottingham, LLC, a repeat client of the firm.  <\/p>\n<p>Constructed in 2002, <strong>The Lakes at Nottingham <\/strong>in<strong> Escambia County<\/strong> is a garden-style apartment community consisting of 17 buildings and featuring one-, two- and three-bedroom units. The $34,028,000 non-recourse, fixed-rate financing carries a five-year term and 30-year amortization, with two years of interest-only payments. In addition to refinancing the balance of an existing Fannie Mae loan, which had been provided by Greystone, loan proceeds enable the borrower to monetize a portion of their equity.<\/p>\n<p>\u201cWe are deeply appreciative when clients turn to Greystone for multiple projects in their portfolios,\u201d said Mr. King. \u201cWe\u2019re here to partner with our clients and leverage our extensive multifamily lending platform so they can achieve their desired outcome for every property.\u201d<\/p>\n<p>\u201cWhen it comes to multifamily, Greystone is an easy choice \u2013 our team\u2019s expertise results in a smooth and seamless transaction every time,\u201d said Mr. Martin H. Petersen, principal of the borrower. \u201cWe consider Greystone to be a trusted partner because their ability to navigate the complex world of multifamily finance consistently produces an outstanding outcome for our portfolio.\u201d<\/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=30E8dxSRZy2R7gKH_6cY2097xbCaBMSqwdRXdOitLFDdeeo3vCMAYses2Uc7E13pA3uonk7WlDCpkWNfZ3XHog==\" 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=2cLM9vcShWuwWXcplUV79TewhRGrDcOcZNfD0Gia8pKVJCxfYBXZXTkjS-mK1fs2veMfP9MHRR1Rf7aHJ1-rXzn9WumXgxfE9hFZEbDKsM8=\" 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\/ZjI1NWJlNmItMjUxZC00MjU0LTljNjAtODgwMDYwNTVmMDJkLTEwMzQ5NDg=\/tiny\/Greystone.png\"><\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<p align=\"left\">NEW YORK, May 15, 2023 (GLOBE NEWSWIRE) &#8212; Greystone, a leading national commercial real estate finance company, has provided a $34,028,000 Fannie Mae Delegated Underwriting &amp; Servicing (DUS\u00ae) loan for a 268-unit multifamily property in Pensacola, Florida.<\/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\/8822"}],"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=8822"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/8822\/revisions"}],"predecessor-version":[{"id":8838,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/8822\/revisions\/8838"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=8822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=8822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=8822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}