NEW YORK, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, has provided a $14,565,400 Fannie Mae Delegated Underwriting & Servicing (DUS®) loan for the acquisition of a 144-unit multifamily property in Savannah, Georgia. The financing was originated by Carter King, Director at Greystone, and sale arranged by Nelson Abels, Taylor Bird, Laura Aylor, and Austin Weathington of Cushman & Wakefield’s Sunbelt Multifamily Advisory Group.
Constructed in 2004, Bradley Pointe Apartments in Chatham County is a garden-style community offering one-, two-, three- and four-bedroom units. This value-add opportunity is well situated in the Georgetown submarket with true barriers to entry and lack of supply. The property will benefit from 17k new jobs coming to the market poised for future growth. The $14,565,400 non-recourse, fixed-rate loan features interest-only payments for its entire 10-year term.
“In collaboration with Cushman & Wakefield, our goal is to ensure that our clients have peace of mind about securing the financing the properties in their portfolios need, so we work tirelessly to help them achieve their goals,” said Mr. King.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in approximately 400 offices and 60 countries. In 2022, the firm reported revenue of $10.1 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), Environmental, Social and Governance (ESG) and more. For additional information, visit www.cushmanwakefield.com.
About Greystone
Greystone is a private national commercial real estate finance company with an established reputation as a leader in multifamily and healthcare finance, having ranked as a top FHA, Fannie Mae, and Freddie Mac lender in these sectors. Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC and/or other Greystone affiliates. For more information, visit www.greystone.com.
PRESS CONTACT:
Karen Marotta
Greystone
212-896-9149
Karen.Marotta@greyco.com
