SAN JOSE, CA—Greystone has arranged a $43.8 million Fannie Mae Delegated Underwriting and Servicing loan for the Chateau La Salle. The housing community in San Jose, Calif. contains 434 homes.
“Our long term relationship with Fannie Mae and our deep knowledge and experience of the multifamily market on the West Coast enabled the Greystone team to work quickly and efficiently on behalf of Chateau La Salle,” said Rick Wolf, senior managing director of Greystone’s Fannie Mae production team, in a statement. “We see immense growth potential in the West Coast and look forward to continued success in the region.”
The loan has a 10-year fixed rate and a 30-year amortization. It was originated by Greystone’s Managing Director Tim Thompson. Robert Mallett, director at Marcus & Millichap brought the deal to Greystone.