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Greystone closes deal for apartment refinance.


Greystone Servicing Corporation, Inc., a top ten Fannie Mac 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 $6,500,000 loan to Metro Court Redevelopment Associates, LP for the refinance of Metro Court North Apartments in east Harlem.

Metro North Court Apartments are located at 1952 Second Avenue in New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
, New York. They were built in 1985 on a 1.01-acre site. The site holds a 10-story hi-rise containing 91 apartment units and 25 open parking spaces. The unit mix consists of 16 one-bedrooms, 63 two-bedrooms and 12 three-bedrooms. Property amenities include a community room, laundry facilities, playground area, basketball court, outdoor seating area and an asphalt parking lot. 100% of the units are covered by a Section 8 HAP HAP. An old word which signifies to catch; as, "to hap the rent," to hap the deed poll." Techn. Dict. h.t.  Contract.

The borrower was able to lock in a rate under the Fannie Mae DUSO DUSO Developing Understanding of Self and Others  Program.
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Publication:Real Estate Weekly
Date:Jan 10, 2007
Words:137
Previous Article:How to save millions with accelerated asset depreciation.
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