Greystone, a leading national commercial real estate finance company, has provided a $19,764,000 Fannie Mae DUS® loan to refinance Legacy on Rockhill, a newly constructed 128-unit build-to-rent community in McKinney, Texas.
Built in 2023 and situated on a 13.21-acre site, Legacy on Rockhill consists of one-, two-, and three-bedroom single-family and duplex rental homes with modern finishes and private backyards. Property amenities include a pool, fitness center, dog park, bocce ball court, and gated access. The community was 93.75% leased as of July 2025.
“This financing reflects Greystone’s ability to structure efficient capital solutions for sponsors delivering high-quality rental housing in key growth markets,” said Mr. Sloot. “The Legacy on Rockhill community is well-positioned for long-term performance in the dynamic North Dallas region.”
Greystone 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.
The Fannie Mae DUS (Delegated Underwriting and Servicing) program allows approved lenders to underwrite, close, and sell loans on multifamily properties to Fannie Mae without prior review. This program offers various loan types, including fixed-rate and adjustable-rate mortgages, and is designed to streamline the financing process for multifamily properties. DUS lenders can originate loans with features such as full or part-term interest-only options, ensuring flexibility for borrowers. Additionally, the DUS model emphasizes risk-sharing and life-of-loan servicing, making it a premier financing platform in the multifamily market.
