Greystone provided $120 million in Fannie Mae Delegated Underwriting & Servicing financing for the acquisition of a 375-unit multifamily high-rise in Chicago’s Fulton Market.
The financing was originated by Greystone’s Eric Rosenstock and Jesse Yodice on behalf of Normandy Real Estate.
Fulbrix Apartments, a 27-story tower located at 160 North Elizabeth Street, was acquired for $170 million and marks Chicago’s largest multifamily sales transaction since 2023. The Fannie Mae financing carries a 10-year term with seven years of interest-only payments.
