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Greystone Provides $94M Fannie Mae DUS Loan on Arlington Heights Multifamily Buy
Greystone, a leading national commercial real estate finance company, has provided a $94,451,000 Fannie Mae Delegated Underwriting & Servicing (DUS) loan for the $131-million acquisition of a 586-unit multifamily property in Arlington Heights, IL. The financing was originated by Dan Sacks and Eric Rosenstock, co-managing directors in Greystone’s New York office, on behalf of Bayshore Properties.
Constructed in 1973, Stonebridge Luxury Apartments in Arlington Heights is a garden-style apartment community consisting of six buildings that offer one- and two-bedroom units. The non-recourse, fixed-rate Fannie Mae loan carries a 10-year term and amortization, with full-term interest-only payments and 9.5 years of yield maintenance. In addition to the acquisition, loan proceeds enable the borrower to make improvements to the property.
“We truly appreciate when clients repeatedly rely on Greystone and our deep resources for the multifamily properties in their portfolios,” said Sacks.
- ◦Sale/Acquisition
- ◦Financing


