NEW YORK, NY - Greystone, a leading national commercial real estate finance company, has provided an $87 million Fannie Mae Delegated Underwriting and Servicing (DUS®) loan to refinance a 486-unit multifamily property in Prince Georges County, Maryland. The financing was originated by Dan Sacks and Eric Rosenstock, Managing Directors in Greystone’s New York office, on behalf of Glendale Apartments Properties LLC.
The $87,000,000 Fannie Mae Green Mortgage loan carries a 12-year term, a low fixed interest rate, five years of interest-only payments, and a 30-year amortization period. The Property has received Energy Star Certification for the Green Building Certification. This certification recognizes the top 25% of the most energy efficient buildings within its class.
Greystone Provides $87 Million in Fannie Mae Financing for a Multifamily Property in Maryland
05/03/2021 | 11:40am EDT
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NEW YORK, May 03, 2021 (GLOBE NEWSWIRE) Greystone, a leading national commercial real estate finance company, has provided an $87 million Fannie Mae Delegated Underwriting and Servicing (DUS®) loan to refinance a 486-unit multifamily property in Prince Georges County, Maryland. The financing was originated by Dan Sacks and Eric Rosenstock, Managing Directors in Greystone’s New York office, on behalf of Glendale Apartments Properties LLC.
The $87,000,000 Fannie Mae Green Mortgage loan carries a 12-year term, a low fixed interest rate, five years of interest-only payments, and a 30-year amortization period. The Property has received Energy Star Certification for the Green Building Certification. This certification recognizes the top 25% of the most energy efficient buildings within its class.
Posted Feb 18, 2021
Gridium technology delivers a real time data layer to Swift’s sustainability strategy and efficiency insights worth about 1.6 million kWh and 360t of CO2 a year
SAN FRANCISCO – February 18, 2021 – Gridium announced today that its energy efficiency technology is providing the data analytics for Swift Real Estate Partners’ sustainability strategy. Swift has achieved its leadership position as an innovative owner and operator of office and industrial properties with initiatives like Swift’s Honey Project – by installing scores of hives across multiple projects, Swift’s Honey Project improves the health of local vegetation and engages tenants in the sustainability of their built environment. Advanced energy data analytics will further Swift’s ESG leadership by lowering its portfolio’s energy use by an estimated 1.6 million kilowatt-hours and associated carbon emissions by about 360 metric tons annually.
DTMB
DTMB upgrades two historic buildings and receives Energy Star Certification
The Michigan Department of Technology Management & Budget (DTMB) has shown that old buildings can be energy efficient, adding Cadillac Place and the George W. Romney Building its list of Energy Star certified facilities.
An Energy Star certification is the gold standard for assessing a building’s energy efficiency. It can be difficult to meet the rigorous standards, especially with historic buildings, which may be using outdated electrical systems, as well as heating, venting, and air conditioning (HVAC) systems.
The changes made at the two state-owned properties are part of an overall effort to reduce energy consumption in DTMB-managed facilities across the state. So far, these facility improvements have resulted in an estimated decrease of $4.3 million dollars per year in utility expenses.