Greystone Refinances University Village Multifamily Property In Hayward, CA

The University Village multifamily property in Hayward, California, has secured a $15,080,000 Fannie Mae loan for refinancing. The loan, originated by Tim Thompson of Greystone, features a non-recourse, fixed-rate structure with a 10-year term, including five years of interest-only payments. This loan will not only facilitate the refinancing of the property but also support ongoing maintenance.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $15,080,000
• Units: 68
• Lender: Greystone
• Lender Representative: Tim Thompson
• Landlord: WSB University Village LLC
• Landlord Representative: Michael Ruder
• Loan Type: Refinance
• Loan Terms: 10-year term with five years of interest-only payments

The loan was facilitated by Greystone's Tim Thompson. They worked with WSB University Village LLC, represented by Michael Ruder. The financing provided by the $15,080,000 loan will support the ongoing maintenance requirements of the University Village multifamily property in Hayward, California.