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Atlanta & Southeast  + Finance  |  November 5, 2019
David Cohen
By: David Cohen

Greystone Provides $26M Refinancing for Chamblee MF Property

Greystone has provided a $25.5 million Fannie Mae DUS loan to refinance Woodgate Apartments, a 257-unit multifamily property in Chamblee.

The Fannie Mae Green Rewards loan, which refinances a Greystone bridge loan, carries a 10-year term and 30-year amortization period at a fixed rate. Woodgate Apartments was built in 1963, and renovated between 2015 and 2018. As part of the new financing package, the owner plans to continue its commitment to renovating the property. Amenities at Woodgate Apartments include a swimming pool, playground, surface parking and picnic area with grills.

Keith Hires and Mark Nelson of Greystone’s Atlanta office originated the transaction on behalf of the undisclosed owner.

For comments, questions or concerns, please contact David Cohen

Read More News Stories About: Greystone
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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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