facebook
Traded Co logo
Submit
Daily limit: 0/10

Greystone Provides $79.1M Loan For Refinance Of Three Tucson Multifamily Properties

Property Image
FINANCED
$79,125,000

Arizona

See Similar Deals
MultiFamily
Financed 01/22/2024
the dealplayerscompscontact
Property Image
FINANCED

Greystone Provides $79.1M Loan For Refinance Of Three Tucson Multifamily Properties

720 West O'neil Drive, 600 North Pantano Road & 9000 East Speedway Boulevard

See Similar Deals
MultiFamily
Financed 01/22/2024
Contact now

Summary

ARIZONA
Asset Type:MultiFamily
Transaction Type:Loan

In a recent transaction, Greystone has provided $79,125,000 in Fannie Mae Delegated Underwriting & Servicing loans to refinance three multifamily properties totaling 939 units in and around Tucson, Arizona. The properties are located at 720 West O'neil Drive, 600 North Pantano Road, and 9000 East Speedway Boulevard. These multifamily assets, owned by HSL Properties, Inc, offer a valuable investment opportunity in the Casa Grande and Tucson markets.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $79,125,000
  • Units: 939
  • Lender: Greystone - Dan Wolins
  • Landlord: Omar Mireles - HSL Properties, Inc

The financing arrangement provided by Greystone represents a significant milestone for the multifamily properties. Through the Fannie Mae Delegated Underwriting & Servicing loans, HSL Properties, Inc has secured the necessary funds to optimize the properties' potential and support ongoing operations. This loan will contribute to the continued growth and success of the multifamily assets, enhancing the residential offerings in the Casa Grande and Tucson markets.

Players

LENDER

OM
2 deals$131M volume
LANDLORD

Details

FINANCED
IMAGE: Dan Wolins & Omar Mireles DATE: 01/22/2024 ADDRESS: 720 West O'neil Drive, 600 North Pantano Road & 9000 East Speedway Boulevard MARKET: Casa Grande & Tucson, AZ ASSET TYPE: Multifamily ~ UNITS: 939 LENDER: Greystone - Dan Wolins LANDLORD: Omar Mireles - HSL Properties, Inc LOAN AMOUNT: $79,125,000 NOTE: Greystone has provided $79,125,000 in Fannie Mae Delegated Underwriting & Servicing loans to refinance three multifamily properties totaling 939 units in and around Tucson, Arizona.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$79,125,000.00

Monthly NOI$527,500.00
Monthly Debt Service$500,123.82
Change in Cash Flow$0.00
Refinance Proceeds$0.00