Bayshore Properties Refinances Hidden Creek Apartments With $40.3M Loan From Greystone | 8118 South International Drive | Greystone | MultiFamily | Loan

Summary

Loan

INDIANA

MultiFamily

Greystone has provided a $40.3 million Freddie Mac Optigo loan to refinance the 432-unit Hidden Creek Apartments in Crown Point, Indiana. The loan follows the property's 2021 purchase and substantial capital improvements. The loan is a non-recourse, fixed-rate loan with a 10-year term.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $40,309,000
Units: 432
Address: 8118 South International Drive, Crown Point, Indiana
Market: Crown Point, Indiana

Eric Rosenstock and Dan Sacks from Greystone facilitated the loan on behalf of Bayshore Properties, the landlord of Hidden Creek Apartments.

Players

All
1

Lenders
1

Greystone

Details

Deal Summary

FINANCED

IMAGE: Dan Sacks & Eric Rosenstock DATE: 01/16/2024 ADDRESS: 8118 South International Drive MARKET: Crown Point, Indiana ASSET TYPE: Multifamily ~ UNITS: 432 LENDER: Eric Rosenstock & Dan Sacks - Greystone (@Greystonecref) LANDLORD: Nick Kozul - Bayshore Properties (@BayshoreProps) LOAN AMOUNT: $40,309,000 LOAN TYPE: Refinance LOAN TERMS: non-recourse, fixed-rate loan with a 10-year term NOTE: Greystone has provided a $40.3 million Freddie Mac Optigo loan to refinance the 432-unit Hidden Creek Apartments in Crown Point, Indiana, on behalf of Bayshore Properties. The non-recourse, fixed-rate loan with a 10-year term follows the property's 2021 purchase and substantial capital improvements.

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Address8118 South International Drive

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