Greystone Provides $70.8M Refinancing for Apartment Building in San Jose

SAN JOSE, CALIF. — Greystone has provided a $70.8 million Fannie Mae DUS loan to refinance a newly constructed multifamily property located at 251 Brandon St. in San Jose.

Simon Herrmann, Todd Vitzthum and Cody Field of Greystone’s Northern California Advisory team secured the financing for the undisclosed borrower. The loan carries a fixed rate for 10 years, eight years of interest-only payments and a 30-year amortization period.

The multifamily property features 271 apartments, an outdoor entertaining space, business resources and event spaces.