Greystone has provided a $10,920,000 Fannie Mae Delegated Underwriting Services (DUS®) loan to refinance a 56-unit multifamily property in Puyallup, Wash. The transaction was originated by Lorie Hanson, Managing Director at Greystone, with Mark Dibble of DSC Capital, LLC, acting as correspondent on behalf of Apartments 58, LLC.
Constructed in 2018, Lipoma Firs Townhomes is a rental property in the South Hill area of Pierce County, consisting of 56 two- and three-bedroom townhome-style units. The fixed-rate $10.9 million Fannie Mae loan features a seven-year term and 30-year amortization, as well as full-term interest-only payments, and represents 51% loan-to-value.