Greystone Secures $27.3M Loan For Development Site Portfolio In Greensboro, NC, On Behalf Of Featherston | 3819 Cotswold Avenue & 3800 Cotswold Avenue | Greystone | Development Site | Loan

Summary

Loan

NORTH CAROLINA

Development Site

Greystone has secured a $27.3 million Fannie Mae Delegated Underwriting & Servicing (DUS) financing for a two-property portfolio in Greensboro, North Carolina. The development site is located at 3819 Cotswold Ave and 3800 Cotswold Ave, offering a prime location for future construction projects.

Summary of transaction details

Property Type: Development Site
Loan Amount: $27,325,000
Lender: Greystone
Lender Representative: Justin Hechler
Borrower: Featherston

Justin Hechler, representing Greystone, played a crucial role in securing the $27.3 million loan for the development site portfolio in Greensboro, North Carolina. With this financing, Featherston is poised to embark on new construction projects, leveraging the prime location offered by the properties at 3819 Cotswold Ave and 3800 Cotswold Ave.

Players

All
1

Lenders
1

Greystone

Details

Deal Summary

FINANCED

IMAGE: Justin Hechler DATE: 08/08/2023 ADDRESS: 3819 Cotswold Ave & 3800 Cotswold Ave MARKET: Greensboro, NC ASSET TYPE: Development Site LENDER: Greystone - Justin Hechler LOAN AMOUNT: $27,325,000 NOTE: Greystone has secured a $27.3 million Fannie Mae Delegated Underwriting & Servicing (DUS) financing for a two-property portfolio in Greensboro, North Carolina, on behalf of Featherston

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Address3819 Cotswold Avenue & 3800 Cotswold Avenue

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