Cushman & Wakefield Sells, Greystone Provides $14.6 Million in Acquisition Financing for Multifamily Property in Savannah, Georgia
25 Outubro 2023 - 3:03PM
Greystone, a leading national commercial real estate finance
company, has provided a $14,565,400 Fannie Mae Delegated
Underwriting & Servicing (DUS®) loan for the acquisition of a
144-unit multifamily property in Savannah, Georgia. The financing
was originated by Carter King, Director at Greystone, and sale
arranged by Nelson Abels, Taylor Bird, Laura Aylor, and Austin
Weathington of Cushman & Wakefield’s Sunbelt Multifamily
Advisory Group.
Constructed in 2004, Bradley Pointe Apartments
in Chatham County is a garden-style community offering one-, two-,
three- and four-bedroom units. This value-add opportunity is well
situated in the Georgetown submarket with true barriers to entry
and lack of supply. The property will benefit from 17k new jobs
coming to the market poised for future growth. The $14,565,400
non-recourse, fixed-rate loan features interest-only payments for
its entire 10-year term.
“In collaboration with Cushman & Wakefield, our goal is to
ensure that our clients have peace of mind about securing the
financing the properties in their portfolios need, so we work
tirelessly to help them achieve their goals,” said Mr. King.
About Cushman & WakefieldCushman &
Wakefield (NYSE: CWK) is a leading global commercial real estate
services firm for property owners and occupiers with approximately
52,000 employees in approximately 400 offices and 60 countries. In
2022, the firm reported revenue of $10.1 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),
Environmental, Social and Governance (ESG) and more. For additional
information, visit www.cushmanwakefield.com.
About GreystoneGreystone 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.
PRESS CONTACT:Karen
MarottaGreystone212-896-9149Karen.Marotta@greyco.com
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