Greystone 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.