Greystone, a leading national commercial real estate finance firm, provided a $23,484,000 Fannie Mae DUS® loan for the acquisition of a multifamily property comprising 200 units in Indianapolis, Indiana. The financing was originated by Avi Kozlowski, Managing Director at Greystone.

The non-recourse Fannie Mae Green Rewards financing is a 10-year loan with a fixed rate, and is interest-only with a 30-year amortization period. The property was built in 1972 and contains four one-bedroom/one-bath units; 115 two-bedroom/one-and-one-half bath townhome units; and 81 three-bedroom/one-and-one-half-bath townhome units. On-site amenities include a leasing office/clubhouse with fitness center, business center, playground, BBQ/picnic area and swimming pool.

Greystone, a leading national commercial real estate finance firm, provided a $25,160,000 Fannie Mae DUS® loan to refinance a two-property apartment complex comprising 293 units in Columbus, OH. The loan was originated by Avi Kozlowski, Managing Director at Greystone.

The non-recourse Fannie Mae financing carries a 7-year fixed-rate loan with a 30-year amortization and refinances the property that was acquired in 2021, enabling $1.9 million for renovations and upgrades. All units are two-bedroom/one-bath townhomes, with common amenities including a playground, BBQ area, and dog park, that are under construction.

Experienced Multifamily Debt Origination Team Brings Deep Industry Relationships to Expand Greystone’s Presence in the Southeast

Greystone, a leading national commercial real estate finance company, announced that Charlie Mentzer and Brad Waite have joined the firm as Senior Managing Directors, working across the lending platforms to originate financing for multifamily properties nationwide. The pair, each with over 20 years of industry experience, join Greystone from Capital One, where they were both Senior Vice Presidents, and will be based in Atlanta, enabling close collaboration with Cushman & Wakefield.

Since 2012, Charlie Mentzer had been responsible for new loan origination out of Capital One's Atlanta, Georgia office, having originated over $6 billion in transactions nationally during his career. He was previously a Vice President at Walker & Dunlop, and also served in loan origination roles at Primary Capital and Column Guaranteed.

Prior to his most recent role at Capital One, where he joined in 2015, Mr. Waite was a Vice President at Walker & Dunlop (previously CW Capital), and garnered experience with Agency and Balance Sheet underwriting across $5 billion in loan transactions. In addition to his experience and product knowledge, Mr. Waite is known for his unique ability to structure complex transactions through his years of both underwriting and origination experience.

“Charlie and Brad are a well-regarded multifamily deal team that will be an integral part of our continued growth strategy for loan origination, as well as our joint venture with Cushman & Wakefield,” said Rich Martinez, head of Agency lending production at Greystone. “They will add immense value to our clients from a debt perspective and will serve as important team leaders at Greystone – we are thrilled for their arrival.”

Reimagined Packard Car Company Warehouse Includes 18% of Units Reserved for Affordable Housing

Greystone Monticello, a bridge lending platform serving as a one-stop shop provider of capital finance products and services for the multifamily and senior housing sectors, provided a $12,165,000 bridge loan to refinance Packard Lofts Apartments, a mid-rise loft-style multifamily property located Boonton, New Jersey. The financing was originated by Eliav Dan, a Senior Managing Director at Greystone.

Packard Lofts Apartments is a 65-unit building originally constructed in the 1880s and utilized as a warehouse / distribution center by Packard Car Company in the 1950s. The property was then acquired in 2019 and converted to a loft-style residential building that includes community amenities such as a fitness area, storage, parking spaces and landscaping. The newly completed property has 12 units, or 18% of the total, reserved for affordable housing, as part of the New Jersey’s Fair Share program.

“We are proud to offer solutions such as attractive, non-recourse bridge-to-agency lease-up financing, enabling our client to ‘one stop shop’ the loan throughout the lease-up process, and ultimately get on the path to a stabilized Agency execution with minimal friction costs,” said Mr. Dan.

“We are thrilled to have worked together on this transaction, which will provide much-needed affordable housing to the Boonton market,” added Eric Baum, head of the multifamily sales desk at Greystone Monticello. “Our collaboration with Greystone ensures a seamless experience for property investors.”

Greystone, a leading national commercial real estate finance company, has provided a $14,565,400 Fannie Mae Delegated Underwriting & Servicing (DUS®) loan for the acquisition of a 144-unit multifamily property in Savannah, Georgia. The financing was originated by Carter King, Director at Greystone, and sale arranged by Nelson Abels, Taylor Bird, Laura Aylor, and Austin Weathington of Cushman & Wakefield’s Sunbelt Multifamily Advisory Group.

Constructed in 2004, Bradley Pointe Apartments in Chatham County is a garden-style community offering one-, two-, three- and four-bedroom units. This value-add opportunity is well situated in the Georgetown submarket with true barriers to entry and lack of supply. The property will benefit from 17k new jobs coming to the market poised for future growth. The $14,565,400 non-recourse, fixed-rate loan features interest-only payments for its entire 10-year term.

“In collaboration with Cushman & Wakefield, our goal is to ensure that our clients have peace of mind about securing the financing the properties in their portfolios need, so we work tirelessly to help them achieve their goals,” said Mr. King.

Greystone, a leading national commercial real estate finance company, has provided a $15,080,000 Fannie Mae Delegated Underwriting & Servicing (DUS®) loan to refinance a 68-unit multifamily property in Hayward, California. The financing was originated by Tim Thompson, Director at Greystone, on behalf of WSB University Village LLC.

Constructed in 1964, University Village in Alameda County is a garden-style apartment community offering one- and two-bedroom units as well as on-site parking, laundry facilities and a fitness center. The $15,080,000 non-recourse, fixed-rate loan features a 10-year term with five years of interest-only payments. In addition to refinancing, the loan proceeds will enable the borrower to continue with ongoing property maintenance.

“Early rate locking this loan helped to increase the proceeds by 5% during underwriting as rent collections increased,” Mr. Thompson explained. “This is a clear benefit to the borrower, being able to take advantage of a dip in the treasury market and remove interest rate risk to maximize the loan amount.”

“Clients trust Greystone to provide the right solutions for their unique circumstances, thanks to our deep multifamily expertise and extensive lending platform,” Mr. Thompson added. “Our goal is to delight clients at every stage of a transaction by raising the bar on service excellence and execution on each project.”

“Our Greystone team enabled us to quickly secure the long-term financing we needed because of their incredible expertise and focused attention to the details of our project,” said Mr. Michael Ruder, principal of the borrower. “We’ve been at this for quite some time and are deeply impressed with the caliber of Greystone – we look forward to working with them again on future projects.”