Oakwood Apartments

Greystone provided an $11,050,000 Fannie Mae Delegated Underwriting and Servicing (DUS®) loan to refinance a 124-unit multifamily property in Oakland Park, Florida. Built in 1971, Oakwood Apartments in Broward County is a garden-style apartment community with four buildings consisting of one- and two-bedroom units, in addition to an onsite pool and laundry facilities. The non-recourse $11 million Fannie Mae loan carries a 15-year term and a 30-year amortization period, as well as a fixed interest rate and a 55% loan-to-value (LTV).

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