Greystone, a private national commercial real estate finance company and leader in multifamily and healthcare finance, has provided a $42.257 million Fannie Mae Delegated Underwriting & Servicing (DUS®) loan for a 286-unit multifamily property located in Louisville, Kentucky. The financing was originated by Anthony Cristi, Managing Director at Greystone on behalf of 800 City Apartments LLC.
Constructed in 1963, the 29-story high-rise building known as 800 Tower City Club Apartments offers studios as well as one- and two bedroom units located within Jefferson County. The nonrecourse fixed rate loan carries with it a ten year term along with 30 years amortization including three years of interest only payments to help achieve the borrower’s vision for their property..
“At Greystone we work through every project’s nuances to ensure our clients get financing that helps them reach their goals,” said Cristi.”Our extensive lending platform combined with our industry expertise allows us to deliver solutions where others fall short.”
