Greystone Refinances 131-Unit WA Community
- Nov 07, 2017
Greystone has provided a $37 million Fannie Mae loan to refinance The Henry, a 161-unit community in Tacoma, Wash. Tom Meunier of Greystone’s Newport Beach, Calif., office originated the loan.
Built in 2015, the five-story Class A building features a mix of studios, one- and two-bedroom units ranging from 537 to 1,194 square feet. Additionally, the pet-friendly property offers 10,500 square feet of office and retail space. Common area amenities include:
- barbecue/picnic area
- bike racks
- business center
- dog park
- dog wash
- fitness center
- rooftop deck
The community is located at 1933 Dock St., on approximately 1.2 acres on the Thea Foss Waterway, offering convenient access to public transit, the Interstate 5 corridor and to various downtown restaurants, shopping and entertainment venues, including Museum of Glass, Tacoma Dome, Washington State History Museum and others. Additionally, the University of Washington Tacoma and the St. Joseph Family Medical Center are nearby.
“As a newly-constructed property, once The Henry received its green certification, it qualified for new loan incentives from Fannie Mae—including lower, long-term fixed rates which provided greater loan proceeds. In addition, the building’s energy efficient systems are a direct benefit for the tenants,” Tom Meunier said in a statement.
Greystone recently provided a $24.9 million HUD-insured permanent loan to refinance Adira at Riverside Rehabilitation & Nursing, a skilled nursing facility in Yonkers, N.Y.
Image courtesy of Yardi Matrix