Dealmaker: Greystone Provides $20.8M in Pennsylvania Multifamily Transaction

(Image courtesy of Greystone)

Greystone, New York, provided a $20.8 million Fannie Mae Delegated Underwriting & Servicing loan to refinance a 206-unit multifamily property in Allentown, Pa.

It was originated by Avi Lifshitz and Aviel Hematian of Greystone on behalf of Pankaj Sharma of S&S Properties.

The non-recourse Fannie Mae financing is a seven-year fixed-rate loan with full-term interest-only.

The community, Wynnewood Greens, includes 18 three-story buildings, with one-, two- and three-bedroom units and a number of amenities. It was built in 1975 and acquired by the sponsor in 2008.