Greystone has provided an $18,213,000 Fannie Mae Delegated Underwriting and Servicing (DUS®) loan to refinance a 142-unit multifamily community in Lanham, Maryland. The transaction was originated by Cullen O'Grady, managing director in Greystone’s Rockville, Maryland office.
Developed in 1965, Lilly Gardens contains 142-units including 42 one-bedroom units; 25 one-bedroom units with a den; 68 two-bedroom units; and seven three-bedroom units spread across 6.23 acres. Project amenities include on-site leasing office, parking, a playground, a swimming pool, and eight common laundry areas. Located in Prince George’s County, the property has excellent access to major thoroughfares which provide direct access to the Washington D.C. central business district and employment centers.