NEW YORK, NY - Greystone, a leading national commercial real estate finance company, and Cushman & Wakefield, a leading global real estate services firm, jointly announced they provided acquisition financing for, and arranged the sale of, respectively, a two-property multifamily portfolio totaling 153 units in Johnson City, Tennessee.
The Fannie Mae Delegated Underwriting & Servicing (DUS®) Green loans were originated by Judah Rosenberg, Zane Teslik and Jack Hudak of Greystone on behalf of Jeremy Rieder of Onyx Partners, with Tyler Mayo from Cushman & Wakefield representing the seller in the transaction.
Each of the non-recourse, fixed rate financings in the portfolio carry a five-year term and thirty-year amortization schedule, with interest-only payments for the first three years.
“We are thrilled that our client came back to Greystone to find the right financing for the newest additions to their growing portfolio,” said Mr. Rosenberg, Vice President at Greystone. “When it comes to navigating the multifamily lending process, our extensive expertise, creativity and deep lending platform means we can craft solutions that set our clients up for long-term success in any market.”
“Through our close partnership with Greystone, we’re able to provide a high level of confidence to our clients that reduces or eliminates any financing concerns,” said Mr. Mayo, Managing Director at Cushman & Wakefield. “This transaction is a prime example of the benefits of collaborating with the Greystone team which ultimately produced a successful outcome for all parties involved.”
About Greystone: Greystone is a private national commercial real estate finance company with an established reputation as a leader in multifamily and healthcare finance, having ranked as a top FHA, Fannie Mae, and Freddie Mac lender in these sectors. Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC and/or other Greystone affiliates. For more information, visit www.greystone.com
About Cushman & Wakefield: Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com