×

Greystone Provides $6.5 Million in Financing for Virginia Beach Apartments

NEW YORK, Sept. 22, 2015 (GLOBE NEWSWIRE) -- Greystone, a real estate lending, investment and advisory company, today announced it has provided a $6,513,000 Fannie Mae Delegated Underwriting and Servicing (DUS©) loan to finance the acquisition of a 140-unit apartment complex in Virginia Beach, VA. The loan was originated by Andrew Ellis of Greystone.

The 15-year fixed rate loan for Tivoli Apartments includes 30-year amortization and one year at interest-only. Tivoli Apartments consists of 12 two-story buildings with clubhouse, swimming pool, picnic areas, laundry building and storage.

"As the fifth loan Greystone has provided for this borrower, we pride ourselves on providing a consistent and reliable lending experience, especially as part of our Fannie Mae DUS© status," said Joe Mosley, Executive Managing Director and head of agency lending at Greystone.

Greystone provides mortgage finance solutions across multiple platforms, including FHA, Fannie Mae, Freddie Mac, USDA, CMBS, bridge, mezzanine and other proprietary loan programs.

About Greystone

Greystone is a real estate lending, investment and advisory company with an established reputation as a leader in multifamily and healthcare finance, consistently ranking as a top FHA and Fannie Mae lender in these sectors. Our range of services includes commercial lending across a variety of platforms such as Fannie Mae, Freddie Mac, CMBS, FHA, USDA, bridge and proprietary loan products. Loans are offered through Greystone Servicing Corporation, Inc., Greystone Funding Corporation and/or other Greystone affiliates. For more information, visit www.greyco.com.

CONTACT: PRESS CONTACT: Karen Marotta Director of Communications, Greystone 212-896-9149 KMarotta@Greyco.com

Source: Greystone