Greystone provided a $9,745,000 Fannie Mae Delegated Underwriting and Servicing (DUS®) loan to refinance a multifamily portfolio consisting of 24 units in Brooklyn, New York. The properties – 1624 East 12th Street in Midwood and 116, 118, 118A, 120 Seigel Street in Williamsburg – were constructed by the borrower in 2006 and 2008, respectively, and consist of a mix of one-, two-, and three-bedroom units. The non-recourse, fixed-rate $9.7 million loan carries a 10-year term and 30-year amortization, with two years of interest-only payments and 74% loan-to-value (LTV).
Brooklyn Multifamily Portfolio
Loan Amount$9.7 million