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Greystone Provides $27M Fannie Mae Loan for Delaware MF

Greystone’s Dan Sacks said that the company worked with the client on a number of properties in Pennsylvania and is now helping it expand its portfolio into Delaware.

By V.J. Chen | April 23, 2020 at 06:46 PM
Fannie Mae’s headquarters

Coronavirus is not slowing down Greystone: It recently signed a deal to provide a $26.6 million Fannie Mae Delegated Underwriting and Servicing loan to refinance a multifamily property in New Castle County, Delaware. A New York-based real estate lending, investment and advisory company, Greystone has remained an active lender during the pandemic.

The Fannie Mae loan carries a 10-year term with a 30-year amortization. The first three years of the loan consist of interest-only payments.

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