2-24-17

M id A tlantic Real Estate Journal — Owners, Developers & Managers — February 24 - March 9, 2017 — 17B

www.marejournal.com

O wners , D evelopers & M anagers

EW YORK, NY — Greystone , an- nounced it has pro- Ellis of the Rockville, MD office originates loan Greystone provides $5 million in Fannie Mae DUS Green Mortgage Financing in Washington, D.C. N

property owners investing in energy- and water-cost reducing retrofits with pref - erential pricing and, for some loans, additional loan proceeds. The Duddington loan is a non-recourse, 10- year fixed rate loan with a 30-year amortization that received the Fannie Mae Green Building Certification Pricing Break. The Duddington is a three- story, 34-unit residential market-rate rental build - ing that was built in 1910. The owners purchased the property in April 2014 and

invested over $1.5 million in environmentally friendly capital improvements. As a result, the building re - ceived the Environmental Protection Agency’s EN - ERGY STAR® Certification in December 2016. 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 Af - fordable 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 Corpo - ration, Inc., Greystone Fund - ing Corporation and/or other Greystone affiliates. n

vided a $5.221 million Fannie Mae DUS Green Mortgage Loan to refinance The Dud - dington in Washington, DC. The loan was originated by Andrew Ellis of Greystone’s Rockville, MD office. Fannie Mae’s Multifamily Green Financing provides Alexander Anderson Real Estate Group negotiates sale Hackensack, NJ — Al- exander Anderson Real Es- tate Group has negotiated the sale of 17 Mercer St. in Hacken- sack, as well as a $125,000 note on the neighboring property located at 21 Mercer St. for $1.4 million. Alexander Anderson represented both the private seller and the buyer, Minotaur Management , a Brooklyn, NY-based real estate developer and property manager. The transaction represents Mino- taur’s first multifamily property investment in New Jersey; the firm plans to redevelop the for - mer Hackensack city property, which was built in the 1800’s, into an apartment building housing more than 30 loft-style apartment units. legal and bank documents, DeMarino has risen through the Gebroe-Hammer ranks, from administrative assistant to assistant vice president. She also is a member of the Board of Health in Bloomfield, where she has resided for 35 years. “These individuals are suc - cessful because they embrace the Gebroe-Hammer Associ - ates tenets of forging strong, long-term relationships and the principles of integrity, hard work, perseverance and market expertise imparted by the late Mel Gebroe and Morris Ham - mer,” said Uranowitz. “As a result, they are sought-out and respected by some of the most prominent multi-family prop - erty owners, investors, lenders and attorneys in the region.” n continued from page 16B Gebroe-Hammer Associates . . . According to Eric Ander- son , CEO of Alexander Ander - son, “The property is located within Hackensack’s special improvement district located in the City’s downtown area, which is already undergoing meaningful change. n

Marcus & Millichap completes the sale of $1,075,000 apartment building

office, had the listing to mar - ket the property on behalf of the seller, a limited liability company. Aviles secured and represented the buyer. The one-and two-bedroom building is located at 159 Fort Lee Rd. n

Teaneck, NJ , — Marcus & Millichap announced the sale of an eight-unit apart- ment property located in Te - aneck, NJ, for $1.075 million. Daniel Aviles , an invest- ment specialist in Marcus & Millichap’s New Jersey

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