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Greystone, led by director Jesse Yodice, has secured an $11,749,000 Fannie Mae Delegated Underwriting & Servicing (DUS) loan to refinance a 61-unit multifamily property in Amityville, NY. The non-recourse loan features a fixed-rate and five-year term with a 30-year amortization schedule. For the first two years of the term, interest-only payments will be made.
According to Yodice: “Our extensive experience in the multifamily sector allows us to assist clients efficiently and effectively in reaching their goals.” Constructed in 2013 and located in Suffolk County’s Long Island area is Wellington Park Villas – an apartment community consisting of townhome-style units with two bedrooms each across five residential buildings. Amenities at this property include a fitness center,lounge area,a laundry facility,sundeck,and onsite parking.
In summary,Greystone has successfully provided financing for Amityville Multifamily through an $11.7 million Fannie Mae DUS loan originated by director Jesse Yodice.The non-recourse,fixed-rate loan offers favorable terms such as a five-year term with interest-only payments for the first two years.Situated within Suffolk County’s Long Island region,the Wellington Park Villas were constructed backin2013and feature townhome-style apartments spread out overfive residential buildings.Amenities at this complex include access toa fitness center,lounge space,a laundry facility,sundeck,and onsite parking.Greystone’s expertiseinthe multifamily industry,pairingwiththeir innovative approach,together enable themto help clients achieve their objectives seamlesslyand expeditiously.
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