NEW YORK, December 22, 2020 (GLOBE NEWSWIRE) – Gray stone, a leading national commercial real estate finance company, provided a total of $ 19,010,000 in Fannie Mae Delegated Underwriting and Servicing (DUS®) and Freddie Mac financing for two multi-family properties in northern California. The transactions were initiated by John Tilsch of the Greystone San Francisco office on behalf of Gil Allon and Ariel Shenhar.

Greystone has provided a 10-year fixed rate, non-recourse Fannie Mae DUS loan of $ 8,902,000 for Woodfield patio houses, an 88-unit property located in the North Highlands, just northeast of Sacramento, California. The property was built between 1950 and 1952 on 4 non-contiguous plots totaling 7.63 acres and consists of 22 buildings.

Greystone also provided a 7-year fixed rate, non-recourse Freddie Mac loan of $ 10,108,000 for Greystone Place Apartments, a 120-unit apartment community in Sacramento, California. Since acquiring the property in 2016, Mr. Allon has significantly improved return on assets through capital expenditures, identification of additional revenue streams and management.

“Despite the difficult environment for property owners, there are financing opportunities, and now is the time to take advantage of the low interest rates,” Tilsch said. “Greystone can provide a number of financing options to borrowers, including Fannie Mae and Freddie Mac, as well as bridge financing and other short- and long-term solutions to meet the current capital needs of an organization. borrower.

“Greystone provided a dynamic solution for our existing refinancing needs at Woodfield and Greystone Place, and seamlessly guided me through two different – but both very attractive – financing options,” said Mr. Allon. “John’s market knowledge and customer service are incredible resources as I seek to continue to explore refinancing options. “

About Greystone
Greystone is a national private commercial real estate finance company with an established reputation as a leader in multi-family and healthcare finance, having been ranked among the top lenders by FHA, Fannie Mae and Freddie Mac in these sectors. Loans are offered by Greystone Servicing Company LLC, Greystone Funding Company LLC and / or other companies affiliated with Greystone. For more information visit www.greystone.com.

PRESS CONTACT:
Karen marotta
Gray stone
212-896-9149
[email protected]


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