Greystone Arranges DUS Debt on Ridgewood Apartments
Greystone provided $30,865,000 in Fannie Mae Delegated Underwriting and Servicing (DUS) loans to refinance a pair of multifamily properties in Queens on behalf of owner Adar Holdings USA. The transactions were originated by Anthony Cristi in Greystone’s New York office, with Jay Steinberg of Watermark Capital Group acting as correspondent on the transaction.
A $14,215,000 loan refinances 1635 Putnam Ave., a 49-unit property in Ridgewood, Queens; and a $16,650,000 loan refinances 1625 Putnam Ave., an adjacent 48-unit apartment building. Both Fannie Mae DUS loans carry 12-year terms with 30-year amortization periods.
“We are grateful for Greystone’s guidance, and thank Anthony for his trusted stewardship on lending options over the years,” said Meir Tabak of Adar Holdings.
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