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...

PR Newswire NEW YORK, Aug. 15, 2017 /PRNewswire/ -- Bluerock Value Exchange ("BVEX") announced today the sellout of its latest 1031 exchange program , BR Big Creek, DST, a Class A, 372-unit, apartment community ("the property") located in Alpharetta, Georgia. The securities offering was fully subscribed for more than $35 million in capital. Completed in 2016, Big Creek is a class A apartment community in the affluent, high growth, mixed-use neighborhood of Alpharetta in Atlanta, GA. In keeping with the value creation strategy of BVEX, the property offers steady cash flow with upside potential in rents. "Bluerock Value Exchange concentrates solely on acquiring high-quality, Class A 1031 replacement properties with potential to deliver attractive current cash flow and grow investor capital . There's significant need, particularly among independent broker dealers , for high- caliber replacement properties from established sponsors with proven performance...