Fannie Mae Loans for Projects of All Sizes Across the USA
Greystone has received from Fannie Mae the #1 Small Loan Lender award and recognized as a top 10 Fannie Mae DUS® Lender.
- Acquisition and refinancing loans for multifamily and seniors housing projects of all sizes across the country
- Tax-exempt and taxable transactions
- Simplified loan process with our efficient Fannie Mae delegated underwriting and servicing (DUS) loan platform
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Case Studies
THE SITUATION
Sante Fe Townhomes was a newly constructed multifamily property, and the owners were seeking financing solutions as their current construction loan was nearing maturity. The borrower faced a challenging market, characterized by rising interest rates and a volatile global economy, making it difficult to assess risk and obtain optimal financing.
THE SOLUTION
Greystone arranged a $15 million non-recourse, fixed-rate loan featuring interest-only payments for its entire five-year term. The client’s financing plan leveraged Fannie Mae’s Performance Differentiation loan program. The program provided flexibility to structure a loan that aligned with the unique needs of the project and an opportunity to seize an opportune moment in the fluctuating treasury market.
THE RESULTS
By locking in an interest rate early on, the client was able to secure financing for 95% of the desired loan amount, supported by the property’s 90% occupancy rate. Prior to funding, the property continued to lease up and were able to increase loan proceeds by 5% as rent collections increased. In addition to refinancing, the loan proceeds enabled the borrower to monetize a portion of their equity in the property in order to achieve their business goals for the asset.
THE SITUATION
The owners of University Village were facing a high interest rate on their adjustable rate loan and exploring more favorable financing options that provided both long-term stability and funding for essential property repairs. The market dynamics also posed a challenge, characterized by rising interest rates and a volatile global economy, making it difficult to assess risk and obtain optimal financing.
THE SOLUTION
Greystone arranged a $15 million non-recourse, fixed-rate loan with a 10-year term and five years of interest-only payments. The borrower was able to take advantage of the dip in the treasury market to lock in a favorable interest rate. Also, during the process, efforts were made to optimize utility reimbursement collections, bolstering the property’s financial position, and ultimately increasing the proceeds for our client.
THE RESULTS
The transition from the unpredictable adjustable-rate loan to a considerably lower fixed interest rate brought substantial benefits to our client, including increased cash flow and asset stability. The new financing arrangement also ensured significant savings on monthly payments while providing the financial means to continue property repairs and maintenance.
Fannie Mae Loan Program Term Sheets
- Fannie Mae DUS® Fixed Rate Loan Program
- Fannie Mae Seniors Housing Loan Program
- Fannie Mae DUS® Multifamily Affordable Housing (“MAH”) Preservation - Fixed Rate Loan
- Fannie Mae Near-Stabilization Loan
- Fannie Mae DUS® Manufactured Housing Property Lending Loan
- Fannie Mae Small Mortgage Loans
- Fannie Mae Moderate Rehabilitation Loan Program
- Fannie Mae Structured Adjustable-Rate Mortgage Loan
- Fannie Mae DUS® Student Housing Loan Program
- Fannie Mae Green Rewards Loan
- Fannie Mae DUS® Bond Credit Enhancement Loan
- Fannie Mae DUS® Supplemental Financing Loan