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Greystone Arranges Fannie Mae DUS Refi on Harlem Portfolio
Greystone has provided a total of $21,503,000 in Fannie Mae Delegated Underwriting & Servicing (DUS) loans to refinance two multifamily properties in Northern Manhattan’s Harlem neighborhood. The financing was originated by Avi Kozlowski, a managing director at Greystone, on behalf of Josef Goodman of Haussman Development.
Each of the non-recourse, fixed-rate loans in the portfolio carries a five-year term and 30-year amortization schedule, with interest-only payments for the first two years of the term. The portfolio includes:
- $11,379,000 for The Duke, a 28-unit midrise apartment building located at 521 W. 134th St.
- $10,124,000 for The Count, a 27-unit midrise apartment building located 168 W. 136th St.
“Clients trust Greystone to help them achieve their goals because we know the ins and outs of multifamily finance,” said Kozlowski. “Our careful and creative approach, coupled with our extensive lending platform, means that we can deliver exceptional solutions quickly and seamlessly for our clients.”
