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4/23/15
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Greystone has provided a $95.8 mil CMBS loan for the acquisition of a six-property multifamily portfolio on behalf of a Midwest-based borrower. The loan was originated by Greystone’s Robert Russell.
Comprising 1,856 total units, the multifamily properties are located in Raleigh, North Carolina and the Dallas / Fort Worth region in Texas, including the following properties: Copper Crossing (DFW); Estrada Oaks (DFW); Sutter Creek (DFW); Remington Place (Raleigh); The Timbers (Raleigh); and The Trestles (Raleigh). The 10-year CMBS loan includes a 30-year amortization.
"The fundamentals in both Raleigh and Dallas remain extremely strong for multifamily acquisitions," said Russell, who serves as Head of Production for Greystone's CMBS team. " Greystone provides real estate finance solutions across multiple asset classes and lending platforms, including FHA, Fannie Mae, Freddie Mac, USDA, CMBS, bridge, mezzanine and other proprietary loan programs.
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