Microsoft's $10 Billion Japan Investment: AI Infrastructure and Data Sovereignty Push 
Samsung Electronics Eyes Record Q1 Profit Amid AI-Driven Chip Boom 
First Western Ship Transits Strait of Hormuz Since Iran War Began 
U.S. Automakers Push Back Against EU Rules Blocking American Trucks from European Market 
MATCH Act Targets ASML and Chinese Chipmakers in New U.S. Export Crackdown 
Paramount Skydance Secures $24B from Gulf Sovereign Wealth Funds for Warner Bros. Discovery Takeover 
RBC Capital: European Medtech Firms Show Minimal Middle East and Energy Risk Exposure 
Elon Musk Ties SpaceX IPO Access to Mandatory Grok AI Subscriptions 
Private Credit Under Pressure: Is a Slow-Motion Crisis Unfolding? 
Fonterra Admits Anchor Butter "Grass-Fed" Label Misled Consumers After Greenpeace Lawsuit 
SpaceX IPO: Retail Investors to Play Historic Role in Record-Breaking Public Offering 
China Vanke Seeks Bond Extension Amid Mounting Debt Crisis 
UAE's Largest Natural Gas Facility Suspended After Attack-Triggered Fire 
Tesla Q1 2026 Deliveries Miss Estimates as AI Strategy Takes Center Stage 
TSMC Japan's Second Fab to Produce 3nm Chips by 2028 
UPS and Teamsters Reach Agreement to Limit Driver Severance Program 
NEW YORK, July 31, 2017 -- Greystone, a real estate lending, investment and advisory company, today announced it has provided a $10,500,000 Fannie Mae Delegated Underwriting and Servicing (DUS®) loan for the refinance of Summerhill Mobile Home Park in Crownsville, MD. The loan was originated by Avrom Forman of Greystone’s New York office with Meir Kessner of Eastern Union Funding as a correspondent on the transaction.
The Fannie Mae financing for Summerhill Mobile Home Park includes a 10-year term at a fixed rate with 30-year amortization. The asset is a 121-pad manufactured housing community located 7 miles west of Annapolis, MD. The owner, Art Silber, plans to reinvest proceeds from the loan into improving the property.
“Greystone’s expertise in the manufactured housing asset class is a true advantage to have on my side as a property owner,” said Mr. Silber. “We are thrilled with the outcome of the financing and look forward to making Summerhill a true asset in our portfolio.”
“Working with senior production manager, Dan Gillard, we were able to secure an additional $2 million in funding above the initial anticipated loan amount, which provides a great deal of flexibility and opportunity to invest in this property and others,” said Mr. Forman, Director, Greystone.
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: Karen Marotta Greystone 212-896-9149 [email protected]
