Greystone provides $ 16.6 million loan to Fannie Mae DUS®

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NEW YORK, June 22, 2021 (GLOBE NEWSWIRE) – Gray stone, a leading national commercial real estate finance company, provided a $ 16.6 million loan to Fannie Mae Delegated Underwriting and Servicing (DUS®) to refinance a 43-unit apartment building in New York City. The deal was initiated by Ruben Dolny and Jason Yoon of Greystone’s New York office on behalf of a non-US private organization and its executives. Matthew Slonim of Besen Partners acted as correspondent for the deal.

The Fannie Mae DUS funding of $ 16.6 million has a 10-year term at a low fixed rate and 30-year amortization with interest only payout over five years. Built in 1925 140 West 86th Street is a multi-story residential complex located on the Upper West Side of Manhattan. The 24-hour doorman building includes one, two and three bedroom apartments and a penthouse, each with updated finishes and modern appliances. In addition, the hotel has a basement, two lifts, a bicycle storage room, laundry facilities and an on-site security system.

“Greystone excels at being creative in providing the right financing for clients, with a focus on solving the unique problems of each transaction,” said Mr Dolny. “Our team’s deep expertise in the multi-family business and extensive lending platform mean that we provide clients located in different countries with impeccable execution and unparalleled service on every transaction.”

About Greystone
Greystone is a privately held, nationally owned commercial real estate finance company with a strong reputation as a leader in multi-family finance and healthcare, and as a leading lender to FHA, Fannie Mae and Freddie Mac in these sectors. Loans are provided 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
Gray stone
212-896-9149
Karen.Marotta@greyco.com

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