Construction Maison

NEW YORK, Aug. 15, 2017 (GLOBE NEWSWIRE) -- Greystone, a real estate lending , investment and advisory company, today announced it has provided a $26.65 million Fannie Mae DUS ® loan in combination with $5.35 million in preferred equity from New York Mortgage Trust , Inc., for the acquisition of Autumn Park, a 358- unit multifamily property in Newark, Delaware. The transaction was originated by Keith Hires of Greystone’s Atlanta office with Ryan Ade and Neil Campbell of HFF as correspondents on the deal. The Fannie Mae DUS loan includes a 7 / 6 adjustable rate at 3 years of interest-only and a 30-year amortization. Autumn Park is a garden- style community comprising 1 -, 2-, and 3-bedroom apartments with a pool, located within easy access to I-95 and downtown amenities. During the underwriting process of the loan for Autumn Park, Greystone overcame a number of unique environmental challenges , including issues with an unprecedented number of underground storage tanks . Greystone wo...

WYOMING, MI - Dougherty Mortgage LLC , a full service national mortgage banking firm , recently closed a $ 1 million Fannie Mae loan for the refinance of Oak Forest Apartments , a 12- unit market rate multifamily apartment property located in Wyoming, Michigan.  The Fannie Mae 10- year term loan has a 30- year amortization schedule and was arranged through Dougherty’s Minneapolis office for borrower Oak Forest Apartments Limited Partnership . Dougherty Mortgage LLC is a full-service, nationwide mortgage banking firm , an approved FHA MAP and LEAN lender, as well as a Fannie Mae Delegated Underwriting and Servicing (DUS®) lender, offering a variety of loan products for the acquisition, refinance, construction or rehabilitation of various property types. In addition, Dougherty Mortgage LLC provides loan servicing on their mortgages and is an approved Ginnie Mae seller/servicer, currently servicing in excess of $4.8 billion of loans.  Dougherty Mortgage LLC has also been awarded...

CLOSE POTUS on North Korea; 3 arrested on gun and drug charges; Hope Hicks named interim Communications Director 8/16/17 Buy Photo Autumn Park apartment complex , a 358-unit multi-family-property in the Glasgow area, is being sold. (Photo: Suchat Pederson, The News Journal) Buy Photo New York- based real estate lender Greystone provided a $26. 7 million loan to finance the $35.5 million purchase of the  358-unit Autumn Park apartments in Glasgow. The financing was a Fannie Mae DUS loan that was used in combination with $5.35 million in preferred equity from New York Mortgage Trust Inc.  Concordia Properties of Lakewood, New Jersey, purchased the property at 41 Winterhaven Drive from Metropolitan Management Group ,  Wyomissing, Pennsylvania-based owner of multifamily properties.  Metropolitan Management Group , a Wyomissing, Pennsylvania-based owner and operator of multifamily properties, sold the Autumn Park apartment complex at 41 Winterhaven Drive.  Greystone said it overcame a...

NEW YORK, NY -  Centerline Capital Group (“Centerline”), a provider of real estate financial and asset management services for affordable and conventional multifamily housing , and a subsidiary of Centerline Holding Company (OTC: CLNH), announced today it has provided an $11. 4 MM Fannie Mae DUS Choice refinancing for the Woodchase Apartments in St. Louis, Missouri. Woodchase Apartments is a garden style multifamily facility that was built in 1984 and comprises 17 two- and three- story residential buildings , and one single-story office/clubhouse.  The property consists of a total of 186 units, and the unit mix is made up of 92 one-bedroom and 48 two- bedroom apartments , and 18 one-bedroom and 28 two- bedroom townhome units .  The loan is a 10- year fixed rate facility with a 30- year amortization period . The portfolio was refinanced to secure a new low interest rate . Centerline is one of the nation’s leading Mortgage Banking institutions in the multif...