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Borrower locks in early.


Greystone Servicing Corporation, Inc., a top ten Fannie Mae Fannie Mae: see Federal National Mortgage Association.  Delegated Underwriting and Servicing, (DUS DUS Driving Under Suspension (criminal charge)
DUS Dwelling Unit (real estate)
DUS Dynamic Underground Stripping
DUS Dusseldorf, Germany - Dusseldorf (Airport Code) 
) lender provided a $37,200,000 loan to Avalon Terrace, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
 for the refinance Refinance

1. When a business or person revises their payment schedule for repaying debt.

2. Replacing an older loan with a new loan offering better terms.

Notes:
When a business refinances they typically extend the maturity date.
 of Avalon Bedford.

Avalon Bedford, in Stamford, CT., was built in 1962 and has undergone extensive renovation with capital improvements of $22.5 million.

The property is occupied by two 13-story elevator buildings, 300 open parking spaces and 103 garage spaces. The buildings contain a total of 368 residential units. In addition, 17 retail tenants occupy approximately 14,000 sq. ft. of commercial space.

The borrower was able to utilize Fannie Mae's Early Rate Lock Product as part of the Fannie Mae DUS Program.
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Title Annotation:Greystone Servicing Corp. provides loan for Avalon Terrace LLC
Publication:Real Estate Weekly
Article Type:Brief article
Geographic Code:1USA
Date:Apr 5, 2006
Words:112
Previous Article:Loan deal easy as ABC.
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