Greystone has provided a total of $15.4 million in Fannie Mae Delegated Underwriting & Servicing financing to refinance two properties with 253 units combined in Wisconsin and Illinois.
The financing was originated by Greystone’s Kyle Jemtrud, Managing Director, and Wilson Molitor, Director. Each of the portfolio’s non-recourse, fixed-rate financings carries a seven-year term and 30-year amortization schedule, with interest-only payments for the entire term of the loan.
$7.7 million was arranged for each of the portfolio’s two properties, including Geneva Meadows Apartments, a 108-unit, garden-style multifamily property located in Lake Geneva, Wisconsin, and Antioch Manor Apartments, a 145-unit, garden-style multifamily located in Antioch, Illinois.
“When it comes to navigating the multifamily lending landscape, we are tenacious about tapping into our deep expertise and extensive lending platform to find solutions that set our clients up for long-term success,” said Molitor.
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