NEW YORK, NY - Greystone closed a $1,950,000 Freddie Mac Small Balance Loan to refinance The Village at Mount Pleasant in the Adams Morgan area of Washington, D.C. The loan for the 15-unit apartment community carries a 10-year fixed rate term with 30-year amortization and is interest-only for three years.
The Village at Mount Pleasant is comprised of four studio units and 11 one-bedroom units contained within one 3‐story building. Property amenities include 11 open parking spaces and a common laundry room. The loan provided by Greystone was originated by Andrew Ellis of Greystone’s Rockville, MD office.
About Greystone: Greystone is a real estate lending, investment and advisory company with an established reputation as a leading commercial mortgage lender, consistently ranking as a top FHA and Fannie Mae lender in multifamily and healthcare financing. 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.