Dale Holzer Of Greystone Provides $19.05M Bridge Loan For Bellflower Multifamily Property | 9720 Flower Street | Greystone | MultiFamily | Loan

Summary

Loan

CALIFORNIA

MultiFamily

The Tower Apartments, a 118-unit multifamily property located at 9720 Flower Street in Bellflower, California, spanning across 1.56 acres, has secured a Bridge Loan amounting to $19,050,000. The loan, facilitated by Dale Holzer from Greystone, supports the property's refinancing, the addition of new units, and expansion plans for a total of 133 units.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $19,050,000
Units: 118
Acres: 1.56
Lender: Dale Holzer - Greystone
Loan Type: Bridge Loan
Loan Terms: Interest-only, two-year term with two six-month extension options

Greystone, under the guidance of Dale Holzer, has facilitated the $19.05 million Bridge Loan for the Tower Apartments. The loan is instrumental in supporting the property's various development initiatives and signifies the commitment of stakeholders towards the growth and enhancement of the multifamily property in Bellflower, California.

Players

All
1

Lenders
1

Greystone

Details

Deal Summary

FINANCED

IMAGE: Dale Holzer DATE: 03/12/2024 ADDRESS: 9720 Flower Street MARKET: Bellflower ASSET TYPE: Multifamily ~ UNITS: 118 ~ ACRES: 1.56 LENDER: Dale Holzer - Greystone (@Greystonecref) LOAN AMOUNT: $19,050,000 LOAN TYPE: Bridge Loan LOAN TERMS: interest-only, carries a two-year term with two, six-month extension options NOTE: Greystone has provided $19.05 million in Bridge-to-Agency financing for Tower Apartments, a 118-unit multifamily property in Bellflower, California. The loan, originated by Dale Holzer, Managing Director at Greystone, supports the property's refinancing, construction of additional units, and expansion plans to reach 133 units.

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Address9720 Flower Street

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