Greystone has closed a $22.3 million Fannie Mae DUS financing arrangement for Canyon View Living on 12th, a 108-unit multifamily community located in Ogden, Utah. The non-recourse, fixed-rate loan features a five-year term structured with interest-only payments, providing the borrower with predictable debt service obligations during the initial holding period.
The transaction demonstrates continued lending activity in the multifamily sector, where debt capital remains available for quality assets in secondary markets. Ogden's multifamily market has attracted institutional investment interest, supported by population growth and demographic trends in the Northern Utah region.
Greystone's involvement in the transaction underscores the firm's established relationships with Fannie Mae and its operational expertise across multifamily lending. The DUS program, a market-standard financing vehicle for multifamily properties, continues to facilitate refinancing activity as property owners evaluate capital needs and portfolio strategies.