NEW YORK, Sept. 23, 2022 (GLOBE NEWSWIRE) — Greystone, one of the nation’s leading commercial real estate finance companies, announced a $25,251,000 Fannie Mae mandate underwriting and servicing (DUS®) A loan to refinance a 232-unit multifamily home in Covington, Georgia. The fundraising was initiated by his Keith Hires and Carter King from Greystone’s Atlanta office on behalf of Patrician LS, LLC. J. Mark Madderra of Madderra, Cazalot & Head-Metairie served as correspondent.

Built in 1999, Leaf Stone Apartments in Newton County It consists of 11 garden-style buildings with one-, two- and three-bedroom units. The $25.2 million non-recourse, fixed-rate loan has a 10-year term, 30-year amortization, and 10-year interest-only payments. Proceeds from the loan are being used to pay off existing Greystone CMBS loans and allow borrowers to monetize a portion of their equity in the property.

“Clients choose Greystone because they know we can help them secure proper financing for their properties, no matter how complex the transaction,” said Hyles. rice field. “We are thrilled that our clients see us as an extension of their multifamily portfolio management team. I know.”

Borrower Principal and longtime Greystone customer Alexis V. Lewis said: “Greystone not only understands our vision for our property, but they think creatively and provide us with new ideas to help us achieve our goals. There is no reason to partner.”

About Greystone
Greystone is a private commercial real estate finance company that is a recognized leader in multifamily and healthcare finance and is a top-ranked FHA, Fannie Mae, and Freddie Mac lender in these sectors. Loans are provided through Greystone Servicing Company LLC, Greystone Funding Company LLC, and/or other of his Greystone affiliates. For more information, please visit

Press contact:
Karen Marotta
[email protected]

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