Greystone, a leading provider of multifamily financing solutions, has recently closed a $42.25 million loan for a 286-unit property in Louisville, Kentucky through Fannie Mae’s Delegated Underwriting & Servicing program.
The loan was secured by Anthony Cristi, Managing Director at Greystone on behalf of 800 City Apartments LLC. According to Cristi, Greystone’s extensive experience and expertise in the multifamily lending industry allows them to provide solutions where others may fall short.
Built in 1963 and located in Jefferson County, the 29-story high-rise building known as “800 Tower City Club Apartments” offers studio units as well as one- and two-bedroom apartments. The non-recourse financing features a fixed-rate with ten-year term and thirty-year amortization schedule along with three years of interest-only payments.
Mordichai Weiss, principal of the borrower expressed his satisfaction with working alongside Greystone stating that their team’s creativity and diligence resulted in finding an ideal financing solution that met all their needs. He also mentioned looking forward to future collaborations between both parties.
This recent transaction highlights how Greystone continues to deliver exceptional results for its clients through innovative approaches backed by industry knowledge.
