Greystone Provides Fannie Mae Refi on San Diego Mixed-Income

Greystone provided a $46.79-million Fannie Mae loan to refinance The Nash, a 190-unit multifamily property located at 4135 Park Boulevard in San Diego’s North Park neighborhood. Greystone’s Clint Darby and Andrew Remenschneider originated the financing, with BMO serving as correspondent. The property is owned by an affiliate of CEDARst.

Completed in 2024, the property features 190 residences, including 82 studios, 96 one-bedroom apartments and 12 two-bedroom apartments. Ten residences are designated as affordable units for households earning below 50% of area median income. The property also includes approximately 2,110 square feet of ground-floor retail space.

“The Nash is a high-quality, recently developed multifamily asset in one of San Diego’s most desirable neighborhoods, backed by experienced sponsors,” said Darby. “We were pleased to leverage Greystone’s Fannie Mae lending capabilities to deliver a long-term financing solution that positions the property well for its next phase of ownership.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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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