Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
NEW YORK, Oct. 10, 2016 -- Greystone, a real estate lending, investment and advisory company, today announced it has provided a $12,000,000 Fannie Mae Delegated Underwriting and Servicing (DUS®) loan for the acquisition of Bella Terraza in Jacksonville, FL. The loan was originated by Andrew Ellis of Greystone’s Rockville, MD office.
The collateral for the loan on Bella Terraza comprised 214 of the property’s 250 total units. The Fannie Mae loan on the fractured condo carries a 15-year term with 30-year amortization and three years of interest-only. Bella Terraza, a gated conventional rental community, consists of 25 two-story buildings and offers residents amenities including two swimming pools, a fitness center, clubhouse, expansive children’s playground, tennis facilities, and pet “bark park.”
“As we continue to grow and expand our portfolio of multifamily properties, Greystone has proven to be a steadfast partner in financing our targeted assets,” said Mahesh Desai, Managing Member of AMF 12. “This marks our 8th transaction with Greystone, and they truly understand our business goals and how to help us achieve success.”
“Identifying and realizing value in the conventional multifamily rental market is becoming more of an art, and we are grateful that borrowers such as Mr. Desai put their faith in us to deliver again and again,” said Joe Mosley. “We take pride in executing beyond expectations.”
About Greystone
Greystone is a real estate lending, investment and advisory company with an established reputation as a leader in multifamily and healthcare finance, having ranked as a top FHA and Affordable Fannie Mae lender in these sectors. Our range of services includes commercial lending across a variety of platforms such as Fannie Mae, Freddie Mac, CMBS, FHA, USDA, bridge and proprietary loan products. Loans are offered through Greystone Servicing Corporation, Inc., Greystone Funding Corporation and/or other Greystone affiliates. For more information, visit www.greyco.com.
PRESS CONTACT: Karen Marotta Greystone 212-896-9149 [email protected]
