Greystone Closes $20.7 Million Fannie Mae Loan for Matteson, Illinois Multifamily Property Sold by Cushman & Wakefield
Greystone has provided a $20,686,000 Fannie Mae loan to finance the acquisition of The Manors at Brookmere, a 108-unit multifamily community in Matteson, Illinois, the firm announced June 16, 2026. Cushman & Wakefield represented the seller in the transaction, with the property acquired by a joint venture between Ashland Capital and Crest Capital.
Transaction Details
The Fannie Mae financing carries a seven-year fixed-rate term with three years of interest-only payments, followed by a 30-year amortization schedule. The loan was originated by Clint Darby and Andrew Remenschneider at Greystone. Jack Maloney and Brad Smith of Cushman & Wakefield represented the seller.
"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 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."
"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 Remenschneider. "We are proud to help facilitate the acquisition with financing tailored to the borrower's business plan."
Property Overview
Built between 2016 and 2018, The Manors at Brookmere is a build-to-rent community situated on more than 11 acres south of downtown Chicago. The property comprises 108 townhome-style apartment units with two- and three-bedroom floor plans. Unit amenities include private entrances, attached garages, granite countertops, in-unit washers and dryers, and walk-in closets.
About the Firms
Greystone is a private national commercial real estate finance company with an established reputation 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 other Greystone affiliates.
Cushman & Wakefield is a global commercial real estate services firm with approximately 53,000 employees in over 350 offices across nearly 60 countries. The firm reported revenue of $10.3 billion in 2025 across its core service lines of Services, Leasing, Capital Markets, and Valuation and other.