Greystone, a real estate lending, investment and advisory company, recently provided $72.5 million in total Fannie Mae DUS® loans to refinance three multifamily properties in Michigan owned by Singh Development Company. The loans were originated by Fred Levine of Greystone’s Monsey, New York, office.
The 10-year fixed rate Fannie Mae loans each include a 30-year amortization. The townhouse-style properties that were refinanced include Turnbury Park in Canton Township, Michigan; Brownstones in Novi, Michigan; and Briarcliff Village in Commerce Township, Michigan.
The Class-A properties include a range of one-, two- and three-bedroom units, and include amenities such as fitness centers and swimming pools.