NEW YORK, March 04, 2016 (GLOBE NEWSWIRE) — Greystone, a real estate lending, investment and advisory company, today announced it has provided $51,597,000 in Fannie Mae DUS® loans for the acquisition of two large multifamily properties in Arlington, TX and Euless, TX. The loans were originated by Rob Russell of Greystone.
InterCapital Group, LLC based in Houston, TX acquired The Parks at Treepoint located in Arlington, TX for $33 million, and Post Oak Place in Euless, TX for $18.6 million. The terms of the 10-year Fannie Mae DUS® loans include 3 years interest-only at a low fixed interest rate. The Parks at Treepoint consists of 586 units over 29.5 acres, and Post Oak Place covers 11.1 acres with over 350 units. The Parks at Treepoint offers one-, two- and three-bedroom apartments with numerous community amenities, while Post Oak Apartments includes one- and two-bedroom floorplans.
“We are pleased that the Fannie Mae DUS® product proved to be the right solution for InterCapital and that we were able to help them meet their hard purchase date,” said Joe Mosley, Executive Managing Director and head of agency lending at Greystone. “The DUS loan platform allows us to simplify the loan process so that we can provide that high level of personal service.”
Greystone provides mortgage finance solutions across multiple platforms, including FHA, Fannie Mae, Freddie Mac, USDA, CMBS, bridge, mezzanine and other proprietary loan programs.
Greystone is a real estate lending, investment and advisory company with an established reputation as a leading commercial mortgage lender, consistently ranking as a top FHA and Fannie Mae lender in multifamily and healthcare financing. Our range of services includes commercial lending across a variety of platforms such as Fannie Mae, Freddie Mac, CMBS, FHA, USDA, bridge and proprietary loan products. Loans are offered through Greystone Servicing Corporation, Inc., Greystone Funding Corporation and/or other Greystone affiliates. For more information, visit www.greyco.com.