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Greystone Delivers $91M Refi for 1,406-Unit Tucson MF Portfolio
New York-based Greystone provided $91,279,000 in Fannie Mae Delegated Underwriting and Servicing (DUS) loans to refinance a 1,406-unit multifamily portfolio in Tucson, AZ. The separate transactions were originated by Greystone’s Dan Wolins on behalf of Tucson-based HSL Properties.
The Fannie Mae financings all carry 10-year terms at a fixed rate with a 30-year amortization, and five years of interest-only payments. The non-recourse loans refinance four separate properties in Tucson, including the 242-unit Canyon Creek; 256-unit Ridgepoint; 336-unit Catalina Canyon; and 572-unit Sycamore Creek.
Wolins says, “The new lending landscape has certainly introduced some challenges for multifamily property investors, but we have helped them to adapt and thrive with the capital options that are available.”
*Pictured Catalina Canyon
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing

