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Florida & Gulf Coast  + North Florida  + Finance  |  April 20, 2022
Pax Properties, LLC, has secured a $16.6-million Fannie Mae loan for the refinancing of Renaissance Apartments in Tallahassee.
Lisa McDuffie
By: Lisa McDuffie

Tallahassee Multifamily Rocks $17M Refi Loan from Greystone

Greystone has provided a $16.6-million Fannie Mae Delegated Underwriting and Servicing loan to refinance a 168-unit multifamily property in Tallahassee, FL.

The transaction was originated by Greystone’s Kyle Jemtrud on behalf of Pax Properties, LLC.

The Fannie Mae financing, which is a permanent takeout of a Greystone bridge loan, carries a 10-year term and a 30-year amortization period, with a low, fixed rate and six years of interest-only payments. Built in 1974, Renaissance Apartments in Leon County is a garden-style apartment community with 13 buildings consisting of 96 one-bedroom, 96 two-bedroom, and 32 three-bedroom units, along with an onsite pool, community center and laundry facilities.

Read More News Stories About: Greystone
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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.
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