Indian Refiners Use Yuan via ICICI Bank to Pay for Iranian Oil Under U.S. Sanctions Waiver 
JAPEX Shares Drop as Middle East Tensions Drive LNG Costs and Production Risks 
LG Innotek Stock Hits Record High on $68M Automotive Wi-Fi 7 Deal 
Chinese Robotics Stocks React as Humanoid Robot Marathon Sparks Competition Concerns 
SpaceX President Gwynne Shotwell Earns $85.8M as IPO Buzz Grows 
SK Hynix to Invest $13 Billion in AI Chip Packaging Facility 
China Food Delivery Stocks Dip as Regulators Crack Down on “Ghost Deliveries” 
Apple Stock Dips as Tim Cook Steps Down, John Ternus Named Next CEO 
Indonesia and Toyota Explore $300M Bioethanol Investment to Boost Renewable Energy Goals 
Tesla Q1 Earnings Preview: Robotaxi Delays and SpaceX Merger Speculation Grow 
Want to cut your energy bills? Here’s how five experts are doing it 
Huawei Expands Vietnam Presence Through Strategic Partnership with SHB Bank 
SK Hynix Launches 192GB SOCAMM2 Memory for Nvidia’s Next-Gen AI Chips 
NVIDIA Acquisition Rumors Dismissed by Morgan Stanley as Strategically Flawed 
Jeff Bezos Eyes $10 Billion Funding Round for AI Venture Project Prometheus 
Elon Musk Faces French Probe Over X and Grok Amid Rising U.S.-EU Tensions 
Amazon Expands AI Bet with Up to $25 Billion Investment in Anthropic 
NEW YORK, March 09, 2016 -- Greystone, a real estate lending, investment and advisory company, announced it has provided $36,112,000 in Fannie Mae DUS® loans for the acquisition of a portfolio of three multifamily properties in Austell, GA and Douglasville, GA. The loans were originated by Rob Russell of Greystone.
The loans, provided to InterCapital Group, LLC, carry a 10-year term with 3 years of interest-only and a low fixed interest rate. Forest Glen Apartments in Austell, GA was acquired for $14,960,000. Home Ridge Apartments and Stewart’s Mill Apartments, both located in Douglasville, GA, were acquired for $9,822,000 and $11,330,000, respectively.
Forest Glen Apartments comprise 264 units over 26.4 acres; Home Ridge Apartments include 200 units over 25 acres; and Stewart’s Mill Apartments comprise 188 units over 18.8 acres.
“We look forward to growing our relationship with InterCapital and helping them meet the growth and acquisition goals of their expanding portfolio through providing tailored financing solutions,” said Joe Mosley, Executive Managing Director and head of agency lending at Greystone.
Greystone provides mortgage finance solutions across multiple platforms, including FHA, Fannie Mae, Freddie Mac, USDA, CMBS, bridge, mezzanine and other proprietary loan programs.
About Greystone
Greystone is a real estate lending, investment and advisory company with an established reputation as a leading commercial mortgage lender, consistently ranking as a top FHA and Fannie Mae lender in multifamily and healthcare financing. Our range of services includes commercial lending across a variety of platforms such as Fannie Mae, Freddie Mac, CMBS, FHA, USDA, bridge and proprietary loan products. Loans are offered through Greystone Servicing Corporation, Inc., Greystone Funding Corporation and/or other Greystone affiliates. For more information, visit www.greyco.com.
PRESS CONTACT: Karen Marotta Greystone 212-896-9149 [email protected]
