Greystone Provides $123M Refinance Loan For 560-Unit Multifamily Property In Riverside, CA

The multifamily property located at 5700 Lochmoor Dr. in Riverside, CA recently underwent a refinancing deal. The property has a size of 500,000 square feet and consists of 560 units. The transaction was closed on 02/25/2022.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $123,074,900
• Address: 5700 Lochmoor Dr., Riverside, CA
• Market: Riverside, CA
• Loan Type: Refinance

The financing for this transaction was provided by greystone''>Greystone, a lending company. The loan, amounting to $123,074,900, was secured under a HUD 223(f) program. The loan terms include a 35-year term and amortization period, with a low fixed interest rate.

Representatives from Greystone, Dan Sacks, and Ilan Bassali, facilitated the loan process for this refinancing deal.