1 Reason Insurance

Leadership Through Service

  • About
    • Meet Our Agents
    • Partner Insurance Companies
  • Personal Insurance
    • Car Insurance Quote for Personal Auto
    • Boat Insurance
    • Home Owners Insurance Application
    • 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 1 Reason Insurance
    • Contribute As Guest Author
Home > Real Estate News > Greystone Provides $24 Million in HUD-Insured Financing for a Multifamily Property in Virginia

Greystone Provides $24 Million in HUD-Insured Financing for a Multifamily Property in Virginia

Posted on: November 3, 2020 By: Real Estate News

NEW YORK, Nov. 03, 2020 (GLOBE NEWSWIRE) — Greystone, a leading commercial real estate lending, investment, and advisory company, has provided a $24 million HUD-insured loan to refinance a 190-unit multifamily property in Chesapeake, Virginia. The transaction was originated by Eric Rosenstock, Managing Director and Jesse Yodice, Vice President, on behalf of Baron Realty Advisors.

The $24,105,000 HUD-insured Section 223(a)(7) financing carries a 40-year term and amortization, along with a low, fixed rate, and a Green Mortgage Insurance Premium (MIP) reduction. Constructed in 2011, Tapestry Park Apartments features 10 three-story garden-style apartment buildings comprising 190 one-, two- and three-bedroom units with modern amenities and finishes, in-unit laundry, and private outdoor living space. Residents can enjoy the community’s clubhouse and fitness center; pool; picnic and play area; dog park; car wash; and on-site parking. Located in the heart of Chesapeake, the property offers easy access to the 168 Bypass and Highways 64 and 464, and is close to the area’s shopping, beautiful beaches and outdoor recreation, as well as major employment centers and Chesapeake Medical.

“The Greystone team excels at scenario-planning with our clients and finding the right financing terms for every economic cycle,” said Mr. Yodice. “Clients look to us to anticipate their needs throughout every market turn — they know that Greystone’s extensive lending platform, deep industry knowledge and creativity results in a transaction experience they cannot get anywhere else.”

“In this uncertain environment, my partners and I were not just satisfied with being in a good place today, we wanted to secure a stronger tomorrow. We turned to our Greystone team to execute based on their industry knowledge and track record,” said Peter J. Weidhorn, principal, Baron Realty Advisors. “We are pleased Greystone helped us monetize our long-term strategic plan for this community, they are true professionals who make the process easy and seamless.”

About Greystone
Greystone is a 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

Categories: Real Estate News

1Reason Agencies

What clients have to say:

Mike T. "I started a business last year and Robert responded to my inquiries immediately, and was extremely helpful and knowledgeable as to the type of insurance coverages I would need to get started. Now its been a year and he now carries All of my coverages! Absolutely the most hands on agent I've ever worked with but hands down the friendliest! I can call him anytime and never feel rushed and not only that but he responded while on a family vacation. I believe in relationships in business and so does Robert by the way he treats his customers. I have a true friend in the business, thank you Robert!"


Lynn R. "Bob is very knowledgeable and has always done a great job explaining different aspects of coverage. He is very accessible and looks out for what is best for the consumer. We highly recommend him!


Justin T. "Excellent agent, always available for answers to insurance related questions. Bob, is the person most people strive to become. Without a doubt, a great person!"


Sebastian T. "I can not begin to tell you how pleased I am with 1 Reason Insurance ! Their responding services is friendly and complete. For the services my company offers to the public it is sure nice to know that we are covered for a reasonable fee. Just having (1 R I ) 1 Reason Insurance there is such piece of mind ! Their insurance plans are strait to the point and easy to understand.
Thanks for the great service 1 Reason Insurance !"


Jeff H. "Very nice and cares about the customer! He was literally the reason why i chose him over other companies for my insurance"

Categories

  • Bonds
    • Performance Bond
  • Bookkeeping
    • Business Taxes
  • Business Marketing
    • Webhosting
  • 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
  • Worker's Compensation

Recent Posts

  • Using ChatGPT Can Help Your Business Grow By Helping You Write SEO Friendly Content For Your Website
  • Buying Homeowners Insurance In Wisconsin
  • Starting a Michigan Taxi or Non Emergency Medical Transportation Business Is Expensive Because of Regulations
  • Armada Hoffler Announces Quarterly Dividend
  • LGI Homes Reports October 2022 Home Closings
  • Regency Centers Reports Third Quarter 2022 Results
  • Global System Dynamics, Inc. Announces Sponsor Funding of Initial Three-Month Extension to Complete its Initial Business Combination
  • Opendoor Announces Third Quarter of 2022 Financial Results