Maersk Vessel Successfully Transits Red Sea After Nearly Two Years Amid Ongoing Security Concerns 
Amazon in Talks to Invest $10 Billion in OpenAI as AI Firm Eyes $1 Trillion IPO Valuation 
Treasury Wine Estates Shares Plunge on Earnings Warning Amid U.S. and China Weakness 
Blackstone Leads $400 Million Funding Round in Cyera at $9 Billion Valuation 
FedEx Beats Q2 Earnings Expectations, Raises Full-Year Outlook Despite Stock Dip 
noyb Files GDPR Complaints Against TikTok, Grindr, and AppsFlyer Over Alleged Illegal Data Tracking. 
Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law 
Citi Appoints Ryan Ellis as Head of Markets Sales for Australia and New Zealand 
Union-Aligned Investors Question Amazon, Walmart and Alphabet on Trump Immigration Policies 
Elliott Management Takes $1 Billion Stake in Lululemon, Pushes for Leadership Change 
MetaX IPO Soars as China’s AI Chip Stocks Ignite Investor Frenzy 
Nike Shares Slide as Margins Fall Again Amid China Slump and Costly Turnaround 
Harris Associates Open to Revised Paramount Skydance Bid for Warner Bros Discovery 
Volaris and Viva Agree to Merge, Creating Mexico’s Largest Low-Cost Airline Group 
LG Energy Solution Shares Slide After Ford Cancels EV Battery Supply Deal 
Delta Air Lines President Glen Hauenstein to Retire, Leaving Legacy of Premium Strategy 
Sanofi’s Efdoralprin Alfa Gains EMA Orphan Status for Rare Lung Disease 
NEW YORK, Jan. 25, 2016 -- Greystone, a real estate lending, investment and advisory company, today announced it has provided $18,017,719 total in Fannie Mae MAH loans for the refinancing of three affordable apartment communities owned and operated by the Pierce County Housing Authority in the Tacoma, WA metropolitan area. The loan was originated by Daniel Sacks of Greystone and the correspondent on the transaction was Ari Mandelbaum of Dwight Capital.
The loans carry a 30-year term with a fully amortizing structure. The three properties – Lakewood Village, Chateau Rainier and DeMark Apartments – have a collective total of 477 units and include floor plans ranging from one to three bedrooms and multiple modern amenities.
"The deal we closed with PCHA demonstrates our ability to both anticipate and understand client needs, providing them with a creative financing structure that supports their business goals," said Joe Mosley, Executive Managing Director and head of Agency lending at Greystone. “Our extensive experience and knowledge of Fannie Mae allowed us to effectively guide PCHA through a loan process that entailed a solution that was new to them.”
“Working with Greystone on the closing of these loans was both a collaborative and supportive process,” said Cova Hunter, Director of Finance, Pierce County Housing Authority. “While we have certainly extended debt in the past, this particular type of transaction was new for our team and Greystone did everything to ensure our entity was able to continue our housing mission for the residents in our communities.”
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 leader in multifamily and healthcare finance, having ranked as a top FHA and Fannie Mae lender in these sectors. 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: Aziree Pemberton Greystone 212-896-9150 [email protected]
