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Greystone's Vista.


Greystone Servicing Corporation, Inc. provided a $7,144,000 Bifurcated bi·fur·cate  
v. bi·fur·cat·ed, bi·fur·cat·ing, bi·fur·cates

v.tr.
To divide into two parts or branches.

v.intr.
To separate into two parts or branches; fork.

adj.
 Supplemental Co-terminus loan to Vista Ridge, LP for Vista Ridge Apartments. Greystone Servicing Corporation, Inc. also provided the first mortgage and a simultaneous second mortgage (now retired) in 2002.

Vista Ridge Apartments were created by the combination of two properties in Washington, DC. Forest Ridge was built in 1966 and The Vista was built in 1970. The combined property consists of 29 three-story garden style residential buildings and 356 on-site parking spaces on an 8.43-acre site. The buildings contain a total of 398 units, with a unit mix of 24 one-bedrooms, 203 two-bedrooms, 163 three-bedrooms and eight four-bedrooms. Many of the 398 units are covered by Section 8 Housing Assistance Payments (HAP HAP. An old word which signifies to catch; as, "to hap the rent," to hap the deed poll." Techn. Dict. h.t. ) Contracts. Amenities include a swimming pool, wading pool, playgrounds, basketball court, and laundry Laundry can be:
  • items of clothing and other textiles that require washing
  • the act of washing clothing and textiles
  • the room of a house in which this is done
History of laundry
Before industrialization
 facilities.

The borrower was able to lock in a rate under the Fannie Mae Fannie Mae: see Federal National Mortgage Association.  DUS DUS Driving Under Suspension (criminal charge)
DUS Dwelling Unit (real estate)
DUS Dynamic Underground Stripping
DUS Dusseldorf, Germany - Dusseldorf (Airport Code) 
 program.
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Article Details
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Title Annotation:FINANCE
Publication:Real Estate Weekly
Article Type:Brief article
Geographic Code:1USA
Date:Jul 5, 2006
Words:152
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