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

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.