Content and data provided by various third parties and Fidelity - Terms of Use
Print.Print
Small font size A Larger text size A Largest text size A

Greystone Provides $49.2 Million in Fannie Mae DUS? Financing for Multifamily Community in Norwalk, Connecticut

BY GlobeNewswire | AGENCY | 01/29/26 02:40 PM EST

NEW YORK, Jan. 29, 2026 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, announced it has provided a $49,207,000 Fannie Mae DUS? loan to refinance a 150-unit multifamily community located in Norwalk, Connecticut. The financing was originated by Greystone?s Clint Darby and Andrew Remenschneider, on behalf of Spinnaker Real Estate Partners.

Built in 2024 in Fairfield County, SoNo Central is a six-story apartment complex featuring studio, one-, and two-bedroom units, and 12 commercial units. Residents enjoy access to a fitness center, community great room with co-working lounge, and a courtyard with swimming pool, barbeque stations and bocce ball court.

The property helps provide more affordable housing for the community in having at least 10% of the dwelling units rented to persons / families whose annual income is less than or equal to 80% of the Area Median Income.

?Greystone?s careful and creative approach helps our clients achieve their goals, and it?s exceptional to add this Spinnaker asset to our portfolio given the client?s strong position as a top developer of multifamily in Connecticut as well as helping facilitate more affordability of rents,? said Mr. Darby.

?We turned to Greystone because of their industry-leading reputation for service and extensive multifamily lending platform,? said Mr. John Wilcox, Spinnaker CFO. ?Our Greystone team exceeded expectations on every measure; they were dedicated and responsive, and we look forward to working with them on future projects.?

About Greystone
Greystone is a private national commercial real estate finance company with an established reputation as a leader in multifamily and healthcare finance, having ranked as a top FHA, Fannie Mae, and Freddie Mac lender in these sectors. Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC and/or other Greystone affiliates. For more information, visit www.greystone.com.

Media Contact:
Fran Del Valle
fran@influencecentral.com

Image: https://www.globenewswire.com/newsroom/ti?nf=OTY0NTYzMCM3NDAwMDkxIzIwMjMzODA=
Image: https://ml.globenewswire.com/media/MDkwYTAzMzYtNTA4MC00MzVkLWEyMTAtZDJjMTA4M2UwYjk5LTEwMzQ5NDgtMjAyNi0wMS0yOS1lbg==/tiny/Greystone.png

Image: Primary Logo

Source: Greystone

More Fixed Income News

All Fixed Income News

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

© 1998 – 2014 FMR LLC.

All rights reserved.
fir_news_article