Two Multifamily Properties in Phoenix, AZ
The first property, a 461-unit complex, received $10,400,000 in Fannie Mae coterminous supplemental financing from Greystone. The property was built in 1983 and comprises 23 residential buildings, a laundry building, leasing office and golf cart shed, with studio-, one-, and two-bedroom units.
The second property, a 548-unit complex, received $14,450,000 in coterminous supplemental Fannie Mae financing from Greystone. The property was built in 1980 and comprises 62 residential buildings, two clubhouses, and a leasing office, with one-, two-, and three-bedroom units. helped our repeat client deepen their relationship with Fannie Mae as a borrower with this supplemental financing,” said Mr. Spaeth. “Coming out of the height of the pandemic, multifamily property owners are looking to maximize their equity to ensure the long-term strength of their investments.”