August 2, 2016
Greystone has provided $106.9 million in Fannie Mae Delegated Underwriting and Servicing (DUS) loans for the acquisition of six Texas multifamily properties. Greystone’s Rob Russell secured the funds on behalf of buyer InterCapital Group LLC of Chicago. McDowell Properties, headquartered in San Francisco, sold the portfolio.
The properties, totaling 1,711 units, are in Lewisville, Benbrook, Euless and Irving, TX, all Dallas-Fort Worth suburbs. “We are pleased to have had the opportunity to leverage our deep Fannie Mae lending experience and knowledge of the Texas market on behalf of the borrower, and look forward to helping them continue to add value to their portfolio,” said Joe Mosley, Executive Managing Director and head of Agency lending at Greystone.
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