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...

Greystone, a real estate lending , investment and advisory company, 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 Glasgow. 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. Autumn Park is a garden- style community comprising 1 -, 2-, and 3- bedroom apartments with a pool south of Newark and near Interstate 95. Autumn Park apartment site near Glasgow sold for $35.5 million Advertisement During the underwriting process of the loan for Autumn Park, Greystone overcame a number of environmental challenges, including issues with a number of underground storage tanks . Greystone worked with the State of Delaware Department of Natural Resources and Environmental Control to resolve the issue. The loan presented other complex underwrit...

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...