Fannie Mae Loans for Projects of All Sizes Across the USA
Greystone has received from Fannie Mae outstanding production awards for Affordable Housing, Seniors Housing and Small Loans, as well as specialty awards with an excellence in Operations and Duty to Serve.
- 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
Small Loans
Multifamily Affordable Housing
What We Offer
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.
