Greystone Secures $15.4M in Fannie Mae Financing for Midwest Multifamily Portfolio
Greystone has announced the successful arrangement of $15.4 million in Fannie Mae Delegated Underwriting & Servicing (DUS) financing to refinance a two-property multifamily portfolio encompassing 253 units located in Wisconsin and Illinois.
The financing was orchestrated by Kyle Jemtrud, Managing Director, and Wilson Molitor, Director at Greystone. Each loan in the portfolio features non-recourse, fixed-rate terms with a seven-year duration, 30-year amortization, and interest-only payments throughout the entire term.
The properties include Geneva Meadows Apartments, a 108-unit, garden-style multifamily community in Lake Geneva, Wisconsin, and Antioch Manor Apartments, a 145-unit, garden-style multifamily residence in Antioch, Illinois. Both properties received $7.7 million in financing under this agreement.
“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 Wilson Molitor, Director at Greystone.
