Real Estate Journal — Owners, Developers & Managers — February 24 - March 9, 2017 — 17B
M id A tlantic
O wners , D evelopers & M anagers
EW YORK, NY — Gr ey s t one , an - nounced it has pro- Ellis of the Rockville, MD office originates loan Greystone provides $5million in FannieMae 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 $5.221million Fannie Mae DUS Green Mortgage Loan to refinance The Dud- dington in Washington, DC. The loan was originated by AndrewEllis 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. 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 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 . . .
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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