Greystone Offers .9 Million in Fannie Mae Financing for the Acquisition of Inexpensive Seniors Housing in Tavares, Florida

Greystone Offers $11.9 Million in Fannie Mae Financing for the Acquisition of Inexpensive Seniors Housing in Tavares, Florida

Health Care Financing
Greystone Offers .9 Million in Fannie Mae Financing for the Acquisition of Inexpensive Seniors Housing in Tavares, Florida

Greystone

NEW YORK, Nov. 30, 2022 (GLOBE NEWSWIRE) — Greystone, a number one nationwide business actual property finance firm, has supplied an $11,916,000 Fannie Mae Multifamily Inexpensive Housing (MAH) mortgage for the acquisition of a senior residing group in Tavares, Florida. The financing was originated by Carter King, Managing Director in Greystone’s Atlanta, GA workplace. Hallmark Lakepoint Senior, LLC acquired the property.

Constructed in 2006, Lake Level Senior Flats in Lake County is a 160-unit, LIHTC, age-restricted, 3-story elevatored condominium complicated. The $11,916,000 non-recourse, fixed-rate financing carries a 10-year time period and 35-year amortization.

“Greystone has substantial multifamily lending proficiency and experience, notably within the inexpensive housing area,” mentioned Mr. King. “We’re thrilled to help purchasers with probably the most helpful financing options and are dedicated to offering top-tier service throughout every step of the method.”

About Greystone
Greystone is a personal nationwide business actual property finance firm with a longtime repute as a frontrunner in multifamily and healthcare finance, having ranked as a high FHA, Fannie Mae, and Freddie Mac lender in these sectors. Loans are provided by Greystone Servicing Firm LLC, Greystone Funding Firm LLC and/or different Greystone associates. For extra info, go to www.greystone.com.

PRESS CONTACT:
Karen Marotta
Greystone
212-896-9149
[email protected]