Greystone Provides $20.7 Million Fannie Mae Loan for Multifamily Property in Matteson, Illinois sold by Cushman & Wakefield

CWK Represents Seller in $20.686M Brookmere Acquisition Financing

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  <section data-block="information">
    <h3>Information</h3>
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    <h3>AI Summary</h3>
    <p>Cushman &amp; Wakefield represented the seller in The Manors at Brookmere transaction, with Greystone providing a $20.686 million Fannie Mae loan for the 108-unit build-to-rent community near Chicago. The deal highlights ongoing suburban Chicago demand for rental housing and could broaden CWK&#039;s advisory pipeline in multifamily and build-to-rent sectors.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>CWK represented the seller in The Manors at Brookmere sale. Greystone provided the financing.</li><li>108-unit build-to-rent community in Matteson, IL. Seven-year fixed-rate loan; three years IO.</li><li>Acquisition financed through JV of Ashland Capital and Crest Capital.</li><li>CWK gains deal-flow exposure in Chicago suburbs.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Cushman &amp; Wakefield (CWK)</strong>: Represented the seller in the Brookmere sale; signals CWK&#039;s involvement in Chicago-area CRE deals.</li><li><strong>Greystone (PRIVATE)</strong>: Provided the $20.686M Fannie Mae loan; private lender with multifamily finance focus.</li><li><strong>Ashland Capital (PRIVATE)</strong>: Joint-venture purchaser; private equity player financing the acquisition.</li><li><strong>Crest Capital (PRIVATE)</strong>: Joint-venture purchaser; private equity partner in the acquisition.</li></ul>
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  <section data-block="category">
    <h3>Industry News</h3>
    <p>Industry News: Highlights ongoing build-to-rent financing activity and CWK&#039;s involvement in a Chicago-area deal, underscoring the sector&#039;s sensitivity to suburban rental demand.</p>
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    <h3>Market-Moving</h3>
    <ul><li>CWK involvement signals growing advisory activity in Chicago suburban build-to-rent deals.</li><li>Fannie Mae financing terms on a build-to-rent asset may reflect lender confidence supporting CWK clients.</li><li>No immediate CWK earnings impact; potential pipeline effects could materialize later.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Loan amount: $20,686,000; Fannie Mae financing.</li><li>108-unit build-to-rent community; Matteson, IL.</li><li>Announced June 16, 2026.</li><li>Joint venture: Ashland Capital and Crest Capital.</li><li>Term: 7 years fixed; 3 years interest-only; 30-year amortization.</li></ul>
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  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>CWK may see modest near-term benefit from continued CRE advisory activity; monitor Chicago-area deal flow over the next 6–12 months.</p>
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<article>
  <h2>Greystone Provides $20,686,000 Fannie Mae Loan for The Manors at Brookmere in Matteson, Illinois</h2>

  <p>Greystone has provided a <strong>$20,686,000</strong> Fannie Mae loan to finance the acquisition of <strong>The Manors at Brookmere</strong>, a 108-unit multifamily community in Matteson, Illinois. The financing was originated by Clint Darby and Andrew Remenschneider at Greystone. Cushman & Wakefield's Jack Maloney and Brad Smith represented the seller in the transaction.</p>

  <p>Built between 2016 and 2018, <em>The Manors at Brookmere</em> is a build-to-rent community situated on more than 11 acres and located south of downtown Chicago. The property consists of <strong>108</strong> townhome-style apartment units featuring two- and three-bedroom floor plans. Residences offer private entrances, attached garages, granite countertops, in-unit washers and dryers, and walk-in closets. The Fannie Mae financing for this property carries a <strong>seven-year fixed-rate term</strong> with <strong>three years of interest-only payments</strong> followed by a <strong>30-year amortization schedule</strong>. Loan proceeds were used to facilitate the acquisition of the property by a joint venture between Ashland Capital and Crest Capital.</p>

  <section>
    <h3>Transaction Details and Property Overview</h3>
    <ul>
      <li><strong>Loan amount:</strong> <strong>$20,686,000</strong></li>
      <li><strong>Property:</strong> The Manors at Brookmere</li>
      <li><strong>Units:</strong> 108</li>
      <li><strong>Location:</strong> Matteson, Illinois (south of downtown Chicago)</li>
      <li><strong>Property type:</strong> Build-to-rent, townhome-style residences</li>
      <li><strong>Amenities:</strong> Private entrances, attached garages, granite countertops, in-unit washers and dryers, walk-in closets</li>
      <li><strong>Loan terms:</strong> <strong>seven-year fixed-rate term</strong>, <strong>three years of interest-only payments</strong>, <strong>30-year amortization schedule</strong></li>
      <li><strong>Purpose:</strong> Acquisition financed for a joint venture between Ashland Capital and Crest Capital</li>
    </ul>
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  <section>
    <h3>Executive Commentary</h3>
    <p><blockquote>
      <p>"The Manors at Brookmere represents a compelling investment opportunity in a supply-constrained suburban Chicago submarket, with a differentiated build-to-rent product and strong long-term fundamentals," said Mr. Darby. "Greystone was pleased to deliver a Fannie Mae financing solution that supports our client's acquisition strategy and positions the property for continued success."</p>
    </blockquote></p>

    <p><blockquote>
      <p>"The property's spacious townhome-style residences, attached garages, and suburban location continue to resonate with renters seeking a single-family-home experience with the convenience of professional management," added Mr. Remenschneider. "We are proud to help facilitate the acquisition with financing tailored to the borrower's business plan."</p>
    </blockquote></p>
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    <h3>Industry Context and Seller Representation</h3>
    <p>The financing underscores the appeal of a build-to-rent product in a suburban Chicago submarket with favorable long-term fundamentals. Cushman & Wakefield, representing the seller, facilitated the transaction alongside Grestone's financing team.</p>
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  <section>
    <h3>About Cushman & Wakefield</h3>
    <p>Cushman &amp; Wakefield (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/CWK">CWK</a>) is a leading global commercial real estate services firm for occupiers and investors with approximately 53,000 employees in over 350 offices and nearly 60 countries. In 2025, the firm reported revenue of <strong>$10.3 billion</strong> across its core service lines of Services, Leasing, Capital markets, and Valuation and other. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit <a href="https://www.globenewswire.com/Tracker?data=2qCKDc3juAYFxSXdQmy85Jpa3nFEvTZegkjQeaxu3iBllEYQ0th3hsKfgE_WID4H8NhteSDxM7lpAeUcpN2G7qX49rvDjt0G2Q9UN_iYULGYOuCCH0vYsTsU0I_O9j4h" rel="nofollow" target="_blank">www.cushmanwakefield.com</a>.</p>
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  <section>
    <h3>About Greystone</h3>
    <p><strong>Greystone</strong> 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 <a href="https://www.globenewswire.com/Tracker?data=HwisuJjvVYPpQXjkO1CcbBoGJeR6nuHbXTzSpZ-5DJcUZHrTBDVHwTjvG8OiF_R36I36wmHxsdFp3jjl8Pl6eCh5VPjcvZ4lIEuDM6rILKM=" rel="nofollow" target="_blank">www.greystone.com</a>.</p>
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  <section>
    <h3>Media Contact</h3>
    <p><strong>MEDIA CONTACT:</strong><br> Fran Del Valle<br> <a href="https://www.globenewswire.com/Tracker?data=1eWXD6NEvkAl2GOdTPmE5fuPwT17VFnmMNHebj71buJRil6mBvSUjvKfNPjQZsXbdYyovwcSY0lSr2xvYqZ7SX3Xt_K6uhnErwIKjmZDKGBoQzD6sf6zkEIdCFZQ3LO3" rel="nofollow" target="_blank">fran@influencecentral.com</a></p>
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Cushman & Wakefield represented the seller in The Manors at Brookmere transaction, with Greystone providing a $20.686 million Fannie Mae loan for the 108-unit build-to-rent community near Chicago. The deal highlights ongoing suburban Chicago demand for rental housing and could broaden CWK's advisory pipeline in multifamily and build-to-rent sectors.

Greystone Provides $20.7 Million Fannie Mae Loan for Multifamily Property in Matteson, Illinois sold by Cushman & Wakefield

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