“Our Greystone team shared our passion for this property – they embraced our vision and tapped into their extensive lending platform to get us the financing terms that were right for our needs,” said Mr. The fixed-rate $10.9 million Fannie Mae loan features a seven-year term and 30-year amortization, as well as full-term interest-only payments, and represents 51% loan-to-value. The transaction was originated by Lorie Hanson, Managing Director at Greystone, with Mark Dibble of DSC Capital, LLC, acting as correspondent on behalf of Apartments 58, LLC.Ĭonstructed in 2018, Lipoma Firs Townhomes is a rental property in the South Hill area of Pierce County, consisting of 56 two- and three-bedroom townhome-style units. 07, 2021 (GLOBE NEWSWIRE) - Greystone, a leading national commercial real estate finance company, has provided a $10,920,000 Fannie Mae Delegated Underwriting Services (DUS®) loan to refinance a 56-unit multifamily property in Puyallup, Wash.
We also offer an array of resources – compiled by real estate professionals – to put you on the right track to home ownership.NEW YORK, Dec. At, we offer the latest listings of Fannie Mae homes, government foreclosures, and other distressed properties for sale. The sooner you buy your home, the sooner you can start enjoying equity and a long-term asset that can secure your financial future. If you want to buy an affordable property, don't wait any longer. While both help Americans afford homes, Fannie Mae offers special programs directly for homeowners and offers home foreclosures for sale.
#How many fannie mae foreclosures by state mac
Fannie Mae is concerned with homeownership while Freddie Mac is an organization that insures mortgages. Many homebuyers confuse Fannie Mae and Freddie Mac. Unlike bank foreclosures, distressed government properties often include great financing programs that can help make a distressed home affordable. Discounts of 30% and even 50% are possible.
#How many fannie mae foreclosures by state full
Since the primary aim is to reclaim the money quickly and since most homeowners do not owe the full amount of their property value in mortgages, most Fannie Mae foreclosures for sale are priced below market value. When this happens, the homeowner's loan is in default and, to recoup the money lost on the loan, Fannie Mae will take over ownership of the property and resell it as a foreclosure in order to earn back the money lost on the loan. As a lending institution, Fannie Mae is sometimes faced with homeowners who do not repay their home loan. One of the most powerful ways that Fannie Mae can help you buy a home is by offering low-cost homes. If you are worried about buying a home because you have bad credit or a low income, Fannie Mae also has special programs that can help you secure a property. Whether you buy federal homes from Fannie Mae or buy traditional property, Fannie Mae can help you with financing your purchase.
These government foreclosures are a great option for new homeowners and are a real boon for homeowners who cannot afford traditional real estate. Fannie Mae purchases distressed homes and resells them as Fannie Mae foreclosed homes at significantly reduced prices. Since the aim of Fannie Mae is to provide homeownership opportunities for more Americans, the company makes every effort to provide affordable homes and reasonable financing options. This means that the organization is also a good source for finding discounted Fannie Mae foreclosure homes. Since Fannie Mae is a lending institution, it must also deal with lenders who cannot repay their mortgage. If you are looking for a property, Fannie Mae foreclosures and financing options can be a good place to start. To meet this aim, Fannie Mae acts as a lending organization. Fannie Mae's mandate is to make property ownership more accessible for Americans. Fannie Mae is a company supported by the federal government.
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