Other Multifamily News
Greystone, a real estate lending, investment and advisory company, today announced it has provided $20,130,000 in Freddie Mac financing for West Village, an 86-unit apartment community in West Philadelphia, PA. The loans were originated by Jason Yuen of Greystone’s New York office.
Richard Bassuk, Chief Executive Officer, and Drew Fletcher, President, of Greystone Bassuk, today announced the closing of a $217,500,000 permanent loan made to an affiliate of The Gotham Organization (“Gotham”) for The Ashland, a 53-story, 586-unit “50/30/20” mixed-income multifamily rental apartment building. The 30-year fixed-rate loan was originated by Wells Fargo Multifamily Capital and securitized through Fannie Mae’s multifamily MBS program. Greystone Bassuk served as exclusive advisor on the transaction.
Greystone, a real estate lending, investment and advisory company, today announced it has provided a $37,000,000 Fannie Mae Delegated Underwriting and Servicing (DUS) loan to refinance The Henry in Tacoma, WA. The loan was originated by Tom Meunier of Greystone’s Newport Beach, CA office.
MIAMI BEACH – Nov. 3, 2017 –Condominium and Homeowners Association boards are often associated with thoughts of stress and conflict. Bearing that in mind, premier residential property management company KW Property Management & Consulting is partnering with South Beach studio Innergy Meditation to hold the inaugural “Stress Management for Condominium Boards” workshop on Wednesday, November 8 from 6 p.m. to 8 p.m.
Statement from the National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) following the release of tax reform legislation by the House Ways and Means Committee.
Greystone, a real estate lending, investment and advisory company, announced it has provided a $24,910,200 HUD-insured permanent loan to refinance Adira at Riverside Rehabilitation & Nursing, a skilled nursing facility in Yonkers, New York. The transaction was originated by Fred Levine, Managing Director in Greystone’s Monsey, NY office, with Shia Fishman as correspondent.
Underscoring the growing popularity and demand for Freddie Mac’s Small Balance Loan offering, it was announced today that the platform has achieved, for the first time since the SBL offering’s inception in late 2014, $1 billion in funded loans in under a year from a single lender, Greystone.
In starting a new brand, Jonathan Holtzman hired a consultant to determine who in the United States had the best website capabilities that included mobile optimization and creative. After examination, it was determined that Spherexx was the best and continues to be the best. He selected Spherexx.com®, led by Becca Wilson CEO, to provide Internet marketing, branding and web innovation for City Club Apartments, LLC.
Fogelman Properties, one of the country’s largest, privately-owned and fully integrated multifamily investment and property management companies, is pleased to announce that its portfolio grew more than 150% in the Nashville market during 2017 surpassing 3,500 apartment homes spread among nine local communities.