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Greystone Provides Fannie Mae DUS Loan on Amityville Multifamily
Greystone has provided a $11,749,000 Fannie Mae Delegated Underwriting & Servicing (DUS) loan to refinance a 61-unit multifamily property in Amityville, NY. The financing was originated by Jesse Yodice, director at Greystone.
The $11,749,000 non-recourse, fixed-rate DUS loan features a five-year term and 30-year amortization, with interest-only payments for the first two years of the term. “Greystone’s multifamily experience, coupled with our careful and creative approach, helps clients achieve their goals quickly and seamlessly,” said Yodice.
Originally constructed in 2013, Wellington Park Villas in Long Island’s Suffolk County is a townhome-style apartment community featuring two-bedroom units set across five residential buildings. The property’s amenities include a fitness center, lounge, laundry facilities, sundeck and onsite parking.
- ◦Financing
