FINANCED
Lone Star Funds Secures $68.2M Refinancing For The Irby In Atlanta
65 Irby Avenue Northwest
MultiFamily
Financed 263 days ago
Summary
Loan
GEORGIA
MultiFamily
The Irby, a 277-unit multifamily community located at 65 Irby Ave NW in Atlanta, GA, has secured a total of $68.2 million in refinancing. The loan was provided by Greystone Commercial Capital, with a bridge loan of $60.2 million and a mezzanine loan of $8 million. The property is owned by John P. Grayken, who is affiliated with Lone Star Funds.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $68,200,000
- Units: 277
- Lender: Greystone Commercial Capital
- Landlord: John P. Grayken - Lone Star Funds
Lone Star Funds successfully secured the refinancing for The Irby, with the assistance of Greystone Monticello. The transaction involved a bridge loan of $60.2 million, as well as a mezzanine loan of $8 million. This deal highlights the financial investment and support provided by Greystone Commercial Capital in the Atlanta market.
Details
FINANCED
IMAGE: John P. Grayken
DATE: 08/22/2023
ADDRESS: 65 Irby Ave NW
MARKET: Atlanta, GA
ASSET TYPE: Multifamily ~ UNITS: 277
LENDER: Greystone Commercial Capital
LANDLORD: John P. Grayken - Lone Star Funds
LOAN AMOUNT: $68,200,000
NOTE: Lone Star Funds has secured a total of $68.2 million in refinancing for The Irby, a 277-unit community in Atlanta. Greystone Monticello provided a $60.2 million bridge loan and an $8 million mezzanine loan.View on map
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Address65 Irby Avenue Northwest
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