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Greystone completes $40,124,000 loan in Indianapolis
FINANCED

Greystone Provides $40.1M Fannie Mae Loans For Multifamily Properties In Indianapolis, Indiana

Greystone completes $40,124,000 loan in Indianapolis

MultiFamily
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Summary

Loan
ARKANSAS
MultiFamily

Dan Sacks & Avi Kozlowski have secured a $40.1 million Fannie Mae loan from Greystone for the acquisition and improvement of two multifamily properties in Indianapolis, Indiana. The loan is secured by garden-style apartment communities built in 1970 and 1972, comprising a total of 408 units.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $40,124,000
  • Loan Terms: 10-year term and 30-year amortization, with full-term interest-only payments and 9.5 years of Yield Maintenance & non-recourse, fixed-rate Fannie Mae loan carrying a 10-year term and 35-year amortization, with full-term interest-only payments and 9.5 years of yield maintenance.
  • Lender: Greystone - Dan Sacks & Avi Kozlowski

This loan from Greystone allows the borrower to acquire and make improvements to the properties, while also monetizing a portion of their equity.

Details

Deal Summary
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FINANCED
IMAGE: Dan Sacks & Avi Kozlowski DATE: 04/26/2023 ADDRESS: Marion County MARKET: Indianapolis, Indiana ASSET TYPE: Multifamily ~ UNITS: 408 LENDER Greystone - Dan Sacks & Avi Kozlowski LOAN AMOUNT: $40,124,000 LOAN TERMS: 10-year term and 30-year amortization, with full-term interest-only payments and 9.5 years of Yield Maintenance & non-recourse, fixed-rate Fannie Mae loan carrying a 10-year term and 35-year amortization, with full-term interest-only payments and 9.5 years of yield maintenance. NOTE: Greystone has provided $40.1m in Fannie Mae loans for two multifamily properties in Indianapolis, Indiana. The loans, secured by garden-style apartment communities built in 1970 and 1972, enable the borrower to acquire and make improvements to the properties and monetize a portion of their equity.

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AddressGreystone completes $40,124,000 loan in Indianapolis

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