Greystone provided a total of $16.114 million in Fannie Mae Delegated Underwriting & Servicing loans to refinance four multifamily properties totaling 136 units across Smith County, Texas.
The financing was originated by Stella Plotkin, vice president in Greystone’s New York office.
Each of the non-recourse, fixed-rate loans in the portfolio carries a 10-year term and 30-year amortization schedule, with interest-only payments for the first two years. The portfolio includes:
- $7,523,000 for the 64 units at 16246 and 16374 County Road 4100 in Lindale;
- $4,519,000 for the 36-unit Shadow Wood Circle in Whitehouse;
- $2,469,000 for the 20 units at 14235 and 14227 County Road 452 in Lindale; and
- $1,603,000 for the 16-unit Fonda Apartments in Whitehouse.
