Greystone Servicing Corporation, Inc., a top ten Fannie Mae Delegated Underwriting and Servicing (DUS[TM]) lender, provided a $8,763,000 loan to Wish Village, LLC for the refinance of a construction loan on Wish Village Apartments.

Wish Village Apartments are located in Hamilton, Ohio. The property is constructed in three phases. This loan will cover Phases I and II which were constructed in 2004 on a 9.02-acre site. Phase III will be constructed in 2006.

Phases I and II consist of six three-story residential buildings containing 156 two-bedroom units, and a single-story clubhouse that includes a leasing office, kitchen area, fitness center, and a community room. Additional amenities include a swimming pool with a 15ft. deck, a basketball court, a car wash area, and a community laundry room in each building.

The property is located about two miles northwest of downtown Hamilton, which is approximately 20 miles north of downtown Cincinnati. The site has good access to Hamilton-Richmond Road (Ohio 177) which is a major commercial and retail thoroughfare leading directly to downtown Hamilton.

Within walking distance of the site are a Meijers store, a Wal-Mart, and Lowe's, in addition to a variety of smaller retail establishments.

The property is situated in a low-to-medium density mixed-use area with excellent access to nearby retail and commercial facilities and to the commercial and governmental employment centers of downtown Hamilton.

The borrower was able to lock in a rate under the Fannie Mae DUS program.