With the help of more than $91 million in Fannie Mae loans, acommercial real estate lending and investment company is working torefinance nearly 1,500 units in Tuscon, AZ.

New York-based real estate lending company Greystone revealedThursday that it has provided $91.3 million in Fannie Mae DelegatedUnderwriting and Servicing loans to refinance a portfolio in theGrand Canyon State with 1,406 multifamily units. According to apress release from the company, the managing director at Greystone,Dan Wolins originated the separate transactions on behalf of HSLProperties.

"The new lending landscape has certainly introduced somechallenges for multifamily property investors, but we have helpedthem to adapt and thrive with the capital options that areavailable," Wolins said in the press statement. "Greystoneworks diligently to be hyper-informed on local markets, changes inloan terms and rates, and to be able to provide a broad array ofcapital solutions when needed. We are very happy to team up withHSL again on these properties, which are long-held assets in theirportfolio. They are a premier owner / operator in Tucson withunparalleled market knowledge."

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Max Mitchell

Max Mitchell is ALM's Regional Managing Editor for The Legal Intelligencer, New Jersey Law Journal, Delaware Business Court Insider and Delaware Law Weekly. Follow him on Twitter @MMitchellTLI. His email is [email protected].