{"id":8942,"date":"2023-07-07T10:18:56","date_gmt":"2023-07-07T15:18:56","guid":{"rendered":"https:\/\/1reason.com\/re\/greystone-provides-35-million-in-fannie-mae-financing-for-multifamily-property-in-fairfield-county-connecticut\/8942\/"},"modified":"2023-07-08T05:18:56","modified_gmt":"2023-07-08T10:18:56","slug":"greystone-provides-35-million-in-fannie-mae-financing-for-multifamily-property-in-fairfield-county-connecticut","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/greystone-provides-35-million-in-fannie-mae-financing-for-multifamily-property-in-fairfield-county-connecticut\/8942\/","title":{"rendered":"Greystone Provides $35 Million in Fannie Mae Financing for\u00a0Multifamily Property in Fairfield County, Connecticut"},"content":{"rendered":"
The financing was originated by Dan Sacks, Senior Managing Director, and Avi Kozlowski, Managing Director, at Greystone, with Platinum Capital Group acting as correspondent on the transaction. <\/p>\n

Barnbeck Place Apartments<\/strong> consists of studio, one- and two-bedroom units and is 98.2% occupied. The property\u2019s amenities include a clubhouse, fitness center and yoga room. Built in 2015, Barnbeck Place is a mid-rise residential complex that includes affordable housing, with 20% of the units reserved for residents earning 80% AMI. In addition to the Land Use Restriction Agreement in place, the new Fannie Mae financing includes a fixed-rate, five-year term with a 35-year amortization and is interest-only for the first three years.<\/p>\n

\u201cThis asset is critical to providing affordable housing in Brookfield, where the vacancy rate is only around 5% and the population is growing over time,\u201d said Mr. Sacks. \u201cA gem in the market, the owners have secured long-term financing that will benefit the residents for many years.\u201d<\/p>\n

About Greystone<\/strong>
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 www.greystone.com<\/a>.<\/p>\n

PRESS CONTACT:<\/strong>
Karen Marotta
Greystone
212-896-9149
Karen.Marotta@greyco.com<\/a><\/p>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

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NEW YORK, June 05, 2023 (GLOBE NEWSWIRE) — Greystone, a leading national commercial real estate finance company, has provided a $35 million Fannie Mae Delegated Underwriting and Servicing (DUS\u00ae) loan to refinance a 165-unit multifamily property in Brookfield, Connecticut.<\/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\/8942"}],"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=8942"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/8942\/revisions"}],"predecessor-version":[{"id":8950,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/8942\/revisions\/8950"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=8942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=8942"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=8942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}