Dealmaker: Greystone Provides $16M in Fannie Mae Financing for N.Y. Multifamily

(Image courtesy of Greystone)

Greystone, New York, provided a $16.05 million Fannie Mae Delegated Underwriting and Servicing loan to refinance a multifamily property in Central Islip, N.Y., on Long Island.

The financing was originated by Robert Meehan, managing director at Greystone.

The non-recourse, fixed-rate loan carries a five-year term and is structured with a 30-year amortization schedule.

The property–Coventry Village–was constructed in 1975 and renovated in 2011. It features 94 units across two buildings and currently has a strong occupancy rate.