ANZ New CEO Forgoes Bonus After Shareholders Reject Executive Pay Report 
TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement 
U.S. Lawmakers Urge Pentagon to Blacklist More Chinese Tech Firms Over Military Ties 
Dina Powell McCormick Resigns From Meta Board After Eight Months, May Take Advisory Role 
Delta Air Lines President Glen Hauenstein to Retire, Leaving Legacy of Premium Strategy 
Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand 
Boeing Seeks FAA Emissions Waiver to Continue 777F Freighter Sales Amid Strong Cargo Demand 
FedEx Beats Q2 Earnings Expectations, Raises Full-Year Outlook Despite Stock Dip 
FDA Fast-Tracks Approval of Altria’s on! PLUS Nicotine Pouches Under New Pilot Program 
Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy 
Trump Signals Push for Lower Health Insurance Prices as ACA Premium Concerns Grow 
Bridgewater Associates Plans Major Employee Ownership Expansion in Milestone Year 
Sanofi’s Efdoralprin Alfa Gains EMA Orphan Status for Rare Lung Disease 
Elon Musk Wins Reinstatement of Historic Tesla Pay Package After Delaware Supreme Court Ruling 
Republicans Raise National Security Concerns Over Intel’s Testing of China-Linked Chipmaking Tools 
Harris Associates Open to Revised Paramount Skydance Bid for Warner Bros Discovery 
Citi Appoints Ryan Ellis as Head of Markets Sales for Australia and New Zealand 
NEW YORK, March 07, 2016 -- Greystone, a real estate lending, investment and advisory firm, today announced it has provided a $6,525,500 FHA-insured loan to the Justus Companies to refinance Oakdale Square Apartments in Bloomington, IN. The loan was originated by Brian Fintz of Greystone.
The loan carries a 35-year term at a low, fixed interest rate. Loan proceeds will be used toward immediate and future repairs to the property. Oakdale Square Apartments consists of 200 units, many of which are home to Indiana University students, with multiple amenities. The property is in the immediate vicinity of Indiana University, restaurants, theaters and other retail attractions.
“Justus Companies is a fourth generation family business and has been focused on providing quality housing to the Greater Indianapolis area for over a century,” said Mordecai Rosenberg, head of Greystone’s FHA lending group. “As a committed and sophisticated owner/operator of multifamily housing, Justus had sought a loan product that offered the longest low fixed-rate financing available in the market today and the FHA 223(a)(7) was a cost-effective and expeditious way for them to meet that goal.”
Rosenberg added, “While the FHA loan programs completely mitigate the interest rate risk associated with owning a property, many multifamily owners are still scared of the HUD product due to the traditional length and complexity of the HUD underwriting process. That is why Greystone has been laser focused on enhancing our internal processes and technologies to provide a client experience that is markedly easier and faster than that traditionally experienced by a borrower pursuing a HUD-insured loan.”
“Greystone proved itself a trusted partner in this deal,” said Walt Justus, President, Justus Companies. “We were able to lock in low rates for long-term financing which will allow us to meet our objective of channeling money into immediate and future repairs to maintain the property’s attractiveness to both existing and future tenants.”
About Greystone
Greystone is a real estate lending, investment and advisory company with an established reputation as a leader in multifamily and healthcare finance, consistently ranking 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]
