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Greystone gets it done.


Greystone Servicing Corporation, Inc., a top ten Fannie Mae 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) 
[TM]) lender, provided a $7,199,000 loan to ONIC ONIC Oman National Investment Corporation
ONIC Office National Inter-Professionnel des Céréales
 Hollowbrook, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
 for the acquisition of Hollowbrook Apartments.

The loan was underwritten in conformance with Fannie Mae Multifamily Affordable Housing (MAH See ampere-hour. ) Guidelines.

Hollowbrook Apartments are located in Orlando, Florida and were constructed in 1968. The property consists of 7 two-story apartment buildings, 4 two-story townhouse town·house or town house  
n.
1. A residence in a city.

2. A row house, especially a fashionable one.
 unit apartment buildings, and a single story leasing office building, on a 6.54-acre site. The buildings contain 144 units consisting of 28 one-bedrooms, 104 two-bedrooms, and 12 three-bedrooms.

The borrower was able to lock in a rate under the Fannie Mae DUS program.

Greystone further announced the company provided a $3,858,000 loan to Kesterson Investment Corp. for the refinance of Fairmeadows Village, West Des Moines, Iowa West Des Moines is a city in Polk, Dallas, and Warren counties in the U.S. state of Iowa. As of the 2000 census, the city population was 46,403; a special census taken in the spring of 2005 counted 51,744 residents. .

The property was built in 1994 on a 7.03-acre site and acquired by the current owner in 2005. The site holds four one-story, garden-style apartment buildings containing 99 units, 88 open parking spaces and 44 garage spaces. There is one commercial tenant consisting of a small hair salon.

The borrower was able to lock in a rate under the Fannie Mae DUS program.

A $3,861,000 loan was provided by Greystone to ONIC Maitland Oaks, LLC for the acquisition of Maitland Oaks Apartments in Florida. The loan was underwritten in conformance with Fannie Mae Multifamily Affordable Housing (MAH) guidelines and the borrower was able to lock in a rate under the Fannie Mae DUS program.

The property consists of seven one-story apartment buildings, four two-story apartment buildings, one single story leasing-office building and a clubhouse. The buildings contain 100 units.

Greystone also closed an $800,000 loan to A Grade Properties, L.L.C. for the acquisition of St. Johns Apartments in Lincoln Park, Michigan Lincoln Park is a city in Wayne County in the U.S. state of Michigan. The population was 44,008 at the 2000 census. The area was founded as a village in 1921 and reorganized as a city in 1925. .

The property consists of five two-story garden-style apartment buildings on two non-contiguous parcels that are one half mile apart and separated by a small creek. The site totals 3.14 acres and the buildings contain 40 two-bedroom apartment units.

The borrower was able to lock in a rate under the Fannie Mae 3MaxExpress product as part of the Fannie Mae DUS program.
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Title Annotation:FINANCE
Publication:Real Estate Weekly
Date:May 31, 2006
Words:367
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