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Fannie MAE lender lives up to good name.


Greystone Servicing Corporation, Inc., a top ten Fannie Mae Fannie Mae: see Federal National Mortgage Association.  delegated underwriting Underwriting

1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt).

2. The process of issuing insurance policies.
 and servicing lender, provided a $2.88 million loan to Harold House Apartments, L.L.C. 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 Harold House Apartments. The loan was underwritten in conformance con·for·mance  
n.
Conformity.

Noun 1. conformance - correspondence in form or appearance
conformity

agreement, correspondence - compatibility of observations; "there was no agreement between theory and
 with Fannie Mac's Multifamily Affordable Housing Guidelines.

Built in 1971 and renovated in 2004, Harold House is located in Jacksonville, Fla on a 5.3-acre site. The garden apartment property contains 10 two-story buildings, with 24 two-bedroom units and 56 three-bedroom units. The amenities include a basketball court, two playgrounds and an on-site community center.
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Article Details
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Title Annotation:Greystone Servicing Corp. gives loan to Harold House Apartments L.L.
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Aug 17, 2005
Words:95
Previous Article:Meridian NJ office closes a $68M deal.(Meridian Capital Group L.L.C.)(Brief Article)
Next Article:ARCS arranges $17m financing.(FINANCE)
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