Greystone Provides $44M Bridge Loan For Multifamily Property In Crown Point, Indiana

The multifamily property located at 8118 International Drive in Crown Point, Indiana has recently undergone a significant transaction. The property consists of 432 units and was involved in a closed deal.

Summary of transaction details

• Property Type: Multifamily
• Transaction Date: 11/09/2021
• Address: 8118 International Drive
• Market: Crown Point, Indiana
• Units: 432

The lender for this transaction was greystone''>Greystone, represented by Eric Rosenstock and Dan Sacks. They provided a bridge loan amounting to $44,000,000. The loan terms include a non-recourse agreement, interest-only payments, and a 24-month term with two six-month extension options. The landlord involved in the deal is Bayshore Properties, represented by Nick Kozul.