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Greystone Arranges Fannie Mae Loan for Indianapolis Apartment Acquisition
Greystone recently provided a $22-million Fannie Mae Delegated Underwriting and Servicing loan to acquire Wildwood Village Apartments, a 324-unit multifamily property in Indianapolis. The financing was originated by Dan Sacks, managing director at Greystone, for long-time client Cyclone Wildwood 324, LLC.
The Fannie Mae loan carries a 12-year term and 30-year amortization, along with a low, fixed rate and five years of interest-only payments.
Wildwood Village Apartments consists of 33 garden-style apartment buildings, offering one- and two-bedroom units with modern appliances, in-unit washer/dryer hook ups, fireplaces, generous storage and private outdoor spaces.
Residents of the pet-friendly community also have access to the community clubhouse, business center, fitness center, swimming pool, sports court and dog park.
The property is located near Interstate 65 and offers convenient access to downtown Indianapolis, as well as to the area’s dining and shopping establishments.
- ◦Financing
