Greystone Provides $67.6M Construction Loan For Multifamily Property In Gainesville

The multifamily property located at 6224 Southwest 20th Avenue in Gainesville spans 346,761 square feet with a total of 315 units. The property was involved in a transaction that secured a $67,569,100 construction loan. Greystone provided the financing for this deal, which was facilitated by brokers Peter Martz and Noam Kaminetzky from Meridian Capital Group. The loan terms include a 24-month construction period, after which it will convert to a permanent loan at a rate of 5.98%.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $67,569,100
• Address: 6224 Southwest 20th Avenue
• Market: Gainesville
• Asset Type: Multifamily
• Units: 315
• SF: 346,761
• Lender: Greystone
• Landlord: Luis Becker

The key individuals involved in this transaction include Luis Becker as the landlord. Additionally, the deal was completed with the assistance of brokers Peter Martz and Noam Kaminetzky from Meridian Capital Group, showcasing their expertise in facilitating such significant real estate transactions.