Lending - Fannie Mae - $23.4M
Greystone provided a $23.4 million loan under the Fannie Mae Delegated Underwriting and Servicing (DUS®) program to refinance a sprawling 90-unit complex – one of the largest in Sausalito, CA – with bay views, landscaped terraces and pool. The 12-year loan featured five interest-only years.
Greystone’s West Coast operations team, spanning a growing presence from Seattle to San Diego, has served as an integral finance partner to an increasing number of commercial property owners in today’s low-rate environment.
“Greystone’s capability to uniquely serve property owners on the West Coast has been growing steadily over the last few years,” said Tim Thompson, managing director and head of Greystone’s San Francisco office. “With our ever-increasing platform of lending products to match our seasoned, creative lending professionals, we are poised to address the unique needs of multifamily owners in this region.”