NEW YORK, Aug. 01, 2024 (GLOBE NEWSWIRE) — Greystone, a leading national commercial real estate finance company, has provided a $74,576,000 Fannie Mae Delegated Underwriting & Servicing (DUS®) loan to refinance a 672-unit multifamily property in Burleson, Texas. The financing was originated by Avi Kozlowski, a Managing Director at Greystone.
Constructed in 2023, Shannon Creek Apartments in Johnson County is a garden-style community with 24 buildings featuring one- and two-bedroom units. Property amenities include a clubhouse, fitness center, business center, game/media room, yoga room, resort-style swimming pool, barbeque area, dog park and care station, and sports courts. The $74.6 million non-recourse, fixed-rate financing is part of Fannie Mae’s Green Building Certification program and features a five-year term and 30-year amortization, with full-term interest-only payments.
“We leave no stone unturned when finding financing solutions that help our clients achieve their goals for their properties,” said Mr. Kozlowski. “We leverage our well-diversified lending platform and lean into our multifamily experience for every transaction, so every Greystone client can achieve exceptional outcomes.”
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
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