Wednesday, April 22, 2015

STATION HOUSE GETS GREEN BUILDING LOAN

From the Townshp today:

Fannie Mae Closes First Multifamily Deal to Benefit from its Green Building Certification Pricing

Station House Loan Closes Less Than Two Months after Pricing Break Announced.

On April 21, 2015 Fannie Mae announced the first loan to close with its Multifamily Green Building Certification Pricing Break. The Station House, a 50-unit, mid-rise multifamily rental property in Maplewood has a U.S. Green Building Council (USGBC) Leadership in Energy and Environmental Design (LEED) certification. 

As a result of the reduction in its all-in interest rate, the building will save more than $101,000 in interest payments over the life of the loan. The loan is securitized as "Green Mortgage-Backed Security" indicating to fixed-income investors that the bond supports reductions in impacts to the natural environment.

To read the complete article, click on the link below
Fannie Mae Closes First Multifamily Deal

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