NEW YORK, Oct. 28, 2024 (GLOBE NEWSWIRE) — Greystone, a leading national commercial real estate finance company, announces that it has arranged a $35.2 million loan for the acquisition of a multifamily community in College Station, Texas. I did. The transaction was procured by Greystone Senior Managing Director Eric Rosenstock on behalf of Partin Development, and Greystone Managing Director Thomas Wayda and Associate Dante DiStefano were responsible for arranging the debt.
1720 at Harvey is a 288-unit Class A multifamily community consisting of one, two, and three-bedroom units. This community offers residents a wealth of amenities, including a fitness center with a yoga and spin studio, an expansive resort-style pool and lounge area, a barbecue grill area, an outdoor dining pavilion, a pet spa, a game room, and an outdoor pool. I am. dog park. Non-recourse bridge loans provided by private debt funds have a two-year term and a 12-month extension period, and are interest-only for the entire term.
“Greystone works tirelessly to find the right financing solution to meet our clients’ needs, whether it’s a long-term agency loan or a short-term bridge loan,” said Rosenstock. “We aim to exceed our clients’ expectations, no matter where the market is at the time, and we are excited about the results of our collaboration with debt placement experts.”
“Every asset on the market has an optimal financing solution, and we work diligently to identify the best options for our clients. We will continue to leverage our financing relationships,” Weida said.
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
