Quantum Equities Buys Oxon Hill Multifamily with $60M Originated by Greystone
Quantum Equities has purchased Oaks at Park South, 488-unit multifamily property in Oxon Hill, MD. Greystone provided $59.6 million in Fannie Mae Delegated Underwriting & Servicing financing for the acquisition.
The financing was originated by Greystone’s Eric Rosenstock and Dan Sacks on behalf the repeat client.
The non-recourse, structured adjustable rate mortgage loan carries a 10-year term and 30-year amortization along with 10 years of interest-only payments. The loan also qualifies for Fannie Mae Multifamily Green Rewards financing program, following the completion of energy and water conversion measures.
The 1963-constructed community consists of 26 garden-style buildings with one-, two- and three-bedroom units.
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.
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