Connect News Commercial Real Estate news for every market and every facet, every day.
Connect CRE Events Live and virtual events bringing together the best of information and networking.
CRE Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Classroom Offering CRE focused continuing education courses on demand.
ApartmentBuildings.com Is a dynamic platform to search for, list and promote multifamily listings nationwide.
Connect Awards View the A-list of commercial real estate & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
Loantuitive Find the right lender for your loan.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for daily news covering CRE transactions and trends. Stay informed on national, regional and property sector news that matters to your business.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course
High-rise commercial buildings

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Property Sectors

Topics

Washington DC CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Washington DC & Mid-Atlantic  + DC Metro  + Apartments  |  February 25, 2022
Greystone provides a $44.3 million loan to finance the acquisition of a 472-unit multifamily portfolio comprised of three communities located in Chesapeake, VA
Lisa McDuffie
By: Lisa McDuffie

Greystone Provides $44M Acquisition Financing for Chesapeake Multifamily Portfolio

Greystone has provided $44.3 million in total Fannie Mae Delegated Underwriting Services financing for the acquisition of a 472-unit multifamily portfolio of three communities in Chesapeake, VA. The transaction was originated by Steven Vainer, managing director at Greystone, on behalf of MRKT Capital.

The non-recourse, fixed-rate, interest-only Fannie Mae loans all carry 12-year terms and six years of interest-only payments. The communities, Green Tree Apartments with 208 units, Emerald Lake Apartments with 132 units and Oak Grove Apartments with 132 units, are all located in the Chesapeake market south of Norfolk and are well located to retail, entertainment, and industry/workforce opportunities.

The communities include volleyball courts, fitness centers, pool, and walking/biking trails.

Read More News Stories About: Greystone
Connect

Inside The Story

Greystone

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
Order Reprints
  • ◦Sale/Acquisition
  • ◦Financing
New call-to-action
New call-to-action