Greystone provided a $6,534,000 Fannie Mae Delegated Underwriting and Servicing (DUS®) loan to refinance a 100-unit multifamily property in Ohio. The transaction was originated by Jason Yuen in Greystone’s New York office.
The $6.5 million Fannie Mae loan carries a 10-year term with a 30-year amortization, with the first three years of interest-only payments. Located in Marion County, Professional Park Apartments is a garden style, multifamily apartment community consisting of 100 garden- and townhome-style units that span over 7.114 acres.
“We were thrilled to work with The West 5 Group and Jeff Seidenfeld, and we look forward to working with them on future projects,” said Mr. Yuen.