Commercial real estate finance copmany Greystone has provided a total of $21.503 million in Fannie Mae Delegated Underwriting & Servicing (DUS) loans to refinance two multifamily properties in New York City’s Harlem. The financing was originated by Avi Kozlowski, a managing director at Greystone on behalf of Josef Goodman of Haussman Development.
“Clients trust Greystone to help them achieve their goals because we know the ins and outs of multifamily finance,” Kozlowski said. “Our careful and creative approach, coupled with our extensive lending platform, means that we can deliver exceptional solutions quickly and seamlessly for our clients.”
Each of the non-recourse, fixed-rate loans in the portfolio carries a five-year term and 30-year amortization schedule, with interest-only payments for the first two years of the term. The portfolio includes: $11.379 million for The Duke, a 28-unit midrise apartment building located at 521 W. 134th St. and $10.124 million for The Count, a 27-unit midrise apartment building located 168 W. 136th St.
“No one is more knowledgeable about multifamily finance than Greystone — they have set the bar high when it comes to industry knowledge, product depth and, of course, service,” said Goodman, principal of the borrower. “We’re grateful for Greystone’s attention to detail and guidance throughout this process and look forward to working with our team in the future.”
