Greystone Closes $27.4 Million Fannie Mae Loan for Multifamily Acquisition in Raleigh, North Carolina

Leading company closes $48.8 Million loan for 276-unit property in Raleigh, NC

Self Storage Plus has opened a new drive-through facility north of Baltimore, an adaptive reuse of a former printing press. Reported by Yahoo Finance on 7/26/2021:

Greystone, a leading national commercial real estate finance company, has closed a $27.4 Fannie Mae Delegated Underwriting and Servicing >(DUSĀ®) loan for the $48.8 million acquisition of a 276-unit multifamily property in Raleigh, North Carolina...Greystone provided the >original acquisition loan securing Windsor Falls Apartments in 2017, and the $27.4 million Fannie Mae DUS loan includes the original terms >- a 10-year, fixed rate loan with a 30-year amortization and five years of interest-only payments. The 96% occupied community consists of >13 three-story buildings constructed in 1994 and includes amenities such as a clubhouse, fitness center, yoga room, and swimming pool.