Chicago & Midwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Greystone Provides $42M Financing for Louisville MF Property
Greystone has provided a $42.257 million Fannie Mae Delegated Underwriting & Servicing (DUS®) loan for a 286-unit multifamily property in Louisville, Kentucky. The financing was originated by Anthony Cristi, Managing Director at Greystone, on behalf of 800 City Apartments LLC.
Constructed in 1963, the 800 Tower Apartments property in Jefferson County is 29-story high-rise building offering studios as well as one- and two-bedroom units. The $42.257 million non-recourse, fixed-rate financing carries a ten-year term and 30-year amortization, with three years of interest-only payments.
“At Greystone, we work through the nuances of every project to ensure that our clients get financing that helps them achieve their vision for their property,” said Cristi. “Greystone’s extensive multifamily lending platform and industry expertise means we deliver solutions where others fall short.”
Greystone is a private national commercial real estate finance company and a leader in multifamily and healthcare finance.
