PLEASE UPDATE YOUR BROWSER

1 Reason Agency

Insurance and Real Estate

  • About
    • Meet Our Agents
    • Partner Insurance Companies
  • Personal Insurance
    • Car Insurance Quote for Personal Auto
    • Boat Insurance
    • Home Owners Insurance
    • Life Insurance Quotes
    • Motorcycle Insurance
    • Personal Umbrella Insurance
    • Renters Insurance
    • RV Camper Insurance
    • Snowmobile Insurance
  • Business Insurance
    • Commercial Auto Insurance
    • What is General Liability Insurance
    • Rental or Vacant Properties
    • Workers Compensation in Wisconsin
  • Blog
  • Contact
    • Contribute As Guest Author
  • About
    • Meet Our Agents
    • Partner Insurance Companies
  • Personal Insurance
    • Car Insurance Quote for Personal Auto
    • Boat Insurance
    • Home Owners Insurance
    • Life Insurance Quotes
    • Motorcycle Insurance
    • Personal Umbrella Insurance
    • Renters Insurance
    • RV Camper Insurance
    • Snowmobile Insurance
  • Business Insurance
    • Commercial Auto Insurance
    • What is General Liability Insurance
    • Rental or Vacant Properties
    • Workers Compensation in Wisconsin
  • Blog
  • Contact
    • Contribute As Guest Author
Home > Real Estate News > Greystone Provides $12.5 Million in Fannie Mae Financing for Colorado Student Housing

Greystone Provides $12.5 Million in Fannie Mae Financing for Colorado Student Housing

Posted on: March 17, 2021 By: Real Estate News

NEW YORK, March 17, 2021 (GLOBE NEWSWIRE) — Greystone, a leading national commercial real estate finance company, has provided $12,458,000 in Fannie Mae Delegated Underwriting and Servicing (DUS®) financing for a 32-unit student housing property in Boulder, CO. The transaction was originated by Richard Kourbage, managing director at Greystone on behalf of Zargo Invest.

The $12.5 million Fannie Mae loan refinances existing Fannie Mae debt on View House and carries a fixed rate with a 10-year term and 30-year amortization, and five years of interest-only payments. Built in 1968 and located less than one mile from The University of Colorado Boulder, View House is situated on 0.73 acres. The property offers one, two-, and three-bedroom units and is 100% occupied.

Property amenities at View House include laundry facilities, controlled access/gated, and off-street parking, with units featuring vaulted ceilings, in-unit washer and dryer, a separate beverage refrigerator, and additional den space. In addition to the university, View House is within walking distance of Pearl Street Mall and boast views of the Flatirons. 

“Despite the challenges the student housing sector has faced during the pandemic nationally, there has been sustained, strong demand for quality housing such as View House,” said Mr. Kourbage. “We are thrilled we could provide a successful refinance on this property, which is a high-quality asset serving the lively CU Boulder community.”

About Greystone
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.

PRESS CONTACT:
Karen Marotta
Greystone
212-896-9149
Karen.Marotta@greyco.com

Comments

comments

Categories: Real Estate News

Categories

  • Bookkeeping
    • Business Taxes
  • Business Marketing
  • Car Insurance
  • Commercial Auto
  • Commercial Insurance
  • Court Cases
  • Cyber Liability Insurance
  • Employment Opportunities
  • Employment Practices
  • Flood Insurance
  • Home Ownership
  • Homeowner's Insurance
  • Insurance Companies
    • Insurance News
  • Insurance Terms
  • Investing
    • Finance & Insurance News
  • Life Insurance
  • Non Emergency Medical Transportation
  • Payroll
  • Pinewood Derby
  • Real Estate News
  • Rental Property Insurance
  • Retirement & Estate Planning
  • RV Insurance
  • Starting A Business
  • Stock Dividends
  • SuiteCRM Insurance CRM
  • Tips & Advice
  • Travel
  • Uncategorized
  • Webhosting
  • Worker's Compensation

Recent Posts

  • Indus Announces Appointment of General Counsel
  • Greystone Affiliate, America First Multifamily Investors, L.P., Provides $33 Million in Construction Financing for Supportive and Homeless Housing in Los Angeles
  • Community Redevelopment and the Horton Group Announce Joint Venture for Real Estate Development
  • LGI Homes expands Seattle presence with a new community near Tacoma
  • Harbor Custom Development, Inc. Establishes New Banking Relationship with Washington Federal and Secures $6,383,000 in Construction Financing.
  • United Fire Group, Inc. Announces Its 2021 First Quarter Earnings Call
  • Piedmont Office Realty Trust, Inc to Report First Quarter 2021 Financial Results
  • Veros Reports Home Prices Set to Increase 7% by the First Quarter of 2022