Greystone Provides $20.65 Million in Freddie Mac Financing for Sanford, FL Multifamily Duo

NEW YORK, Nov. 19, 2020 (GLOBE NEWSWIRE) — Greystone, a leading private national commercial real estate finance company, provided two refinancing loans for a multifamily portfolio in Sanford, Florida. The transactions were originated by Dan Sacks, Managing Director in Greystone’s New York office.

The properties include:

  • Aqua Link, a 140-unit property, which received a 10-year, variable-rate, $12,115,000 Freddie Mac mortgage. Renovated in 2020, the garden-style property spans 9 acres. Amenities for the two- and three-bedroom units include grilling area, coffee bar, common laundry, swimming pool, picnic area, playground, and clubhouse, with 321 surface parking spaces.
  • Stoneridge, a 120-unit property, which received a 10-year, variable-rate, $8,541,000 Freddie Mac mortgage. Built in 1975 and renovated in 2020, the garden-style property consists of studio-, one-, two-, and three-bedroom units. Amenities include a grilling area, coffee bar, common laundry, picnic area, playground, and clubhouse, with 188 surface parking spaces.

“It’s been a

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Connect Media Honors Three at Greystone for its 2020 Women in Real Estate Awards

NEW YORK, Nov. 17, 2020 (GLOBE NEWSWIRE) — Greystone, a leading national commercial real estate finance company, announced that three people have been selected by Connect Media for its 2020 Women in Real Estate Awards. Greystone’s managing director Ana Ramos in Los Angeles, vice president Lisa M. Fischman in New York, and Greystone Brown Real Estate Advisors’ senior director, Cory Caroline Sams in Atlanta, are among the women who are being honored this year.

Los Angeles-based Ana Ramos is a managing director with Greystone, and the regional head of west coast small loan production for the company. She has more than 20 years of commercial real estate experience, and an extensive underwriting and production background that includes closing more than $2 billion in loan originations. Though she excels in small loan production for Greystone, Ana also recently closed a $35 million deal that involved restructuring the borrowing entity so

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Greystone Provides $13.9 Million in HUD-Insured Financing for Seniors Housing Property in Seattle, Washington

NEW YORK, Sept. 22, 2020 (GLOBE NEWSWIRE) — Greystone, a leading national commercial real estate finance company, provided a $13.9 million HUD-insured loan to refinance an 80-unit seniors housing property in Seattle, WA. The transaction was originated by Greystone’s Shana Daby, Managing Director and Lorie Hanson, Relationship Manager, on behalf of Lake City Project Associates, LLC. 

The non-recourse HUD 223 (a)(7) loan for $13,903,400 refinances the property at a low, fixed rate and 40-year term and amortization, resulting in a significant reduction in annual debt service payments. As green certified and energy efficient housing, the property also qualifies for a reduction in Mortgage Insurance Premium (MIP) of 40 basis points, from 65 to 25 basis points, annually.

Constructed in 2017, The Savoy at Lake City Senior Living is a four-story apartment building in North Seattle consisting of 80 one- and two-bedroom apartments that feature high ceilings, modern appliances and upgraded

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Greystone Provides $24 Million in HUD-Insured Financing for a Multifamily Property in Azle, Texas

NEW YORK, Sept. 30, 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 224-unit multifamily property in Azle, Texas. The transaction was originated by Eric Rosenstock, Managing Director in Greystone’s New York office, on behalf of Partin Development Group.

The $24,126,900 HUD-insured Section 223(a)(7) financing carries a 40-year term and amortization, along with a low, fixed rate. The property complies with HUD’s Energy Star requirement of a 75 score or higher to achieve a Green Mortgage Insurance Premium (MIP) reduction.

Constructed in 2018, Reata West Apartments features 10 three-story garden-style apartment buildings and 224 one-, two- and three-bedroom units with modern amenities and finishes, full-size in-unit laundry, and private outdoor living space. Residents also enjoy access to the community’s clubhouse and business center; pool, fitness center and outdoor recreational facilities; and dog park, on-site

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