Greystone Provides $42.5 Million in Fannie Mae Financing for Arizona Multifamily Acquisitions

NEW YORK, Oct. 17, 2016 (GLOBE NEWSWIRE) — Greystone, a real estate lending, investment and advisory company, today announced it has provided $42,572,000 in total Fannie Mae Delegated Underwriting and Servicing (DUS®) loans for separate acquisitions of two properties in Phoenix, AZ.

The two Fannie Mae loans carry 10-year terms with 30-year amortization. The acquired properties include:

  • Canyon Crossroads, garden-style apartment community located in Phoenix, AZ. The property comprises 280 units with amenities including resort-style pool, athletic center, media center, outdoor lounge with entertainment area, and billiards room. The $31,660,000 loan was closed by Tim Thompson of Greystone’s San Francisco office. The buyer, acquiring its third property in Arizona, is based in Oregon.
  • Summerhill Place Apartments, located just Northwest of Phoenix in Glendale, AZ. Comprising 232 units, Summerhill Place offers residents a clubhouse, swimming pool, business center, and playground. The $10,912,000 loan was closed by John Tilsch of Greystone’s San Francisco office. The buyer is based in Seattle, WA. The transaction was brought to Greystone by Jeff Coats of J.S. Coats, LLC.

Click on Arrow to Read More of This Release

NPHC Disclosure: We hold not shares and will not be receiving any shares. This means that as we release new information about a particular client company either on our site or otherwise authored by us, you can be confident we don’t own shares, will not be buying shares and will not be selling shares. StockGuru makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. We expect to be compensated up to five thousand seven hundred dollars for coverage, assuming three months coverage. StockGuru – McKinney, Texas 75070 – (469) 358-5200.

Logo Header Menu