Seattle & Northwest + Pacific Northwest + Finance | April 21, 2023

Greystone provided a $23.8-million Fannie Mae DUS Green Rewards loan on a newly built multifamily property in the Boise suburb of Nampa, ID

Greystone Provides $24M Fannie Mae Green Loan on Boise-Area Multifamily

Greystone has provided a $23,791,000 Fannie Mae Delegated Underwriting & Servicing Green Rewards loan for a 160-unit multifamily property in Nampa, ID, a Boise suburb. The financing was originated by Lorie Hanson, Spokane, WA-based managing director at Greystone, with Tim Van Valin from Sage Creek Group acting as correspondent.

Newly constructed in 2022, Breckenridge Apartments in Canyon County is a garden-style apartment community with 35 buildings that feature one-, two- and three-bedroom units. The property achieved Fannie Mae’s Green Building Certification for energy and water efficiency.

The non-recourse, fixed-rate financing carries a 10-year term and 30-year amortization, with seven years of interest-only payments.

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Inside The Story

Greystone's Hanson

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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