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Greystone Provides Fannie Mae DUS on Prewar Apartments
Greystone has provided a $16,600,000 Fannie Mae Delegated Underwriting and Servicing (DUS) loan to refinance a 43-unit, prewar apartment property on Manhattan’s Upper West Side.
The transaction was originated by Reuben Dolny and Jason Yuen in Greystone’s New York office, on behalf of a private, non-U.S.-based entity and its principals. Matthew Slonim of Besen Partners acted as correspondent.
The Fannie Mae DUS financing has a 10-year term at a low, fixed rate and a 30-year amortization, with five years of interest-only payments.
Built in 1925, 140 W. 86th St. includes one-, two-, and three-bedroom units and a penthouse, each with updated finishes and modern appliances. In addition, the 24/7 doorman property offers a basement, two elevators, bicycle room, laundry facilities and an on-site security system.
“Greystone thrives on getting creative to secure the right financing for clients, taking special care to navigate through each transaction’s unique challenges,” said Dolny.
- ◦Financing
