Core Insights - Greystone has provided a $28,946,000 Fannie Mae DUS® loan for the acquisition of Sphere Apartments in Richmond, Virginia [1][2] - The loan features a five-year term with interest-only payments throughout the term [2] - Sphere Apartments consists of 224 units across two mid-rise buildings, offering high-end amenities and is rated in excellent condition with strong occupancy trends [2] Company Overview - Greystone is a national commercial real estate finance company recognized as a leader in multifamily and healthcare finance, ranking as a top lender for FHA, Fannie Mae, and Freddie Mac [4] - The financing was facilitated by Reuben Dolny and Alex Basile on behalf of Conserve Holdings and Calibogue Capital [1][3] - Greystone aims to support clients' strategic growth with tailored acquisition financing that aligns with their investment strategies [3]

Core Insights - Greystone has provided a $24,477,000 Fannie Mae DUS® loan to refinance Manchester at Wesleyan, a 328-unit apartment community in Macon, Georgia [1] - The refinancing will support the sponsor's value-add strategy, which has already improved property and operating performance [2] Company and Property Overview - Manchester at Wesleyan, built in 1996, features amenities such as two pools, a fitness center, a gated dog park, and updated interiors [2] - Since acquiring the property in 2023, the sponsor has invested over $1 million in renovations, increasing physical occupancy to 94.2% [3] - The property qualifies as mission-driven under Fannie Mae's affordability criteria, serving residents at or below 80% of the area median income [3] Sponsor Performance - Arcan Capital has a strong track record in operating multifamily assets in the Southeast, successfully executing their business plan for Manchester at Wesleyan [4] - The refinancing allows Arcan Capital to return capital to investors while continuing to invest in the asset [4]