Greystone, a multifamily loan provider, announced it provided an $8.5 million FHA loan for Hawthorn Ridge Apartments, a multifamily complex located in Woodridge, Ill.

The loan was arranged through Naftali Schuss, an originator in Greystone’s New York City office.

“Long-term financing is the ideal solution for many borrowers due to the low interest rate environment,” said Betsy Vartanian, head of Greystone’s FHA business. “We have seen rates increase over the past few months and are encouraging our clients to evaluate their long term needs and to act quickly.”