Greystone Provides $10.1 Million in Fannie Mae Financing for Los Angeles Multifamily Property
December 5, 2017
Greystone announced it has provided $10,130,000 in Fannie Mae financing for a multifamily property in Century City, CA. The loan was originated by Matt Stevens of Greystone’s San Diego office with Don Salka of First Pacific Financial acting as correspondent on the transaction.
The refinanced property, which contains 33 units, received a 10-year fixed rate Fannie Mae small loan. The stunning Class “A” property is comprised exclusively of one-bedroom / one-bath / office units detailed with high-end appliances and interior finishes. The property also includes charging stations for electric vehicles.
“Greystone’s multifamily financing platforms are an ideal solution for mid-sized properties, which can also see additional benefits for characteristics such as green certifications and other details incorporated by owners,” said Mr. Stevens. “For a Fannie Mae small loan, the terms are highly competitive on properties of this caliber.”
“As a continuation of our valued relationship with Greystone, this execution culminates a successful refinance process for several investment properties,” said Mr. Salka. “We appreciate their guidance throughout the financing cycle.”