NEW YORK, Oct. 24, 2024 (GLOBE NEWSWIRE) — Greystone, a national commercial real estate finance company, has arranged $14 million in debt to refinance a newly constructed built-for-sale community in Tucson. announced. , Arizona. The transaction was financed by Greystone Managing Director Shana Davey and Associate Rebecca Reich, and was financed by Greystone Managing Director Thomas Weida and Associate Dante DiStefano. Responsible for setting up debt.
Linda Vista Luxury Rentals is a 64-unit build-to-rent community scheduled for completion in 2024 and currently under lease. Featuring mountain views, the property offers accommodations including a pool and a spa/hot tub. The financing arranged by Greystone is provided by an undisclosed lender and has a term of 36 months.
“Greystone’s debt placement team is committed to helping borrowers navigate today’s capital markets and procure the best solutions for all their financing needs. The BTR space continues to be a successful asset class for us,” said Weida.
Davey added, “We are very pleased to have been able to assist our client in refinancing this quality asset, which provides a much-needed housing option in the Tucson market.”
About Greystone
Greystone is a private, national commercial real estate financing company with a reputation as a leader in multifamily and health care financing, where it ranks among the top FHA, Fannie Mae, and Freddie Mac lenders. It has been. Loans are provided through Greystone Servicing Company LLC, Greystone Funding Company LLC, and/or other Greystone affiliates. For more information, please visit www.greystone.com.
Press contact:
Karen Marotta
greystone
212-896-9149
Karen.Marotta@greyco.com
