Greystone Acquires Multifamily Property In Grand Forks, ND With $18.3M Loan | 3750 Ruemmele Road | Greystone | MultiFamily | Loan

Summary

Loan

NORTH DAKOTA

MultiFamily

1,376 sqft

Located at 3750 Ruemmele Rd. in Grand Forks, ND, this multifamily property was recently involved in a loan transaction.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $18,320,000
Address: 3750 Ruemmele Rd.
Market: Grand Forks, ND

The lender for this transaction was greystone''>Greystone, represented by Dan Sacks & Ilan Bassali. The loan, which amounted to $18,320,000, included HUD 223(f) terms with a 35-year term and amortization. The loan also offered a low fixed rate.

The property is owned by the Northridge Group, and they have successfully secured this loan for their multifamily asset located at 3750 Ruemmele Rd. in Grand Forks, ND.

Players

All
1

Lenders
1

Greystone

Details

Deal Summary

FINANCED

IMAGE: Dan Sacks & Ilan Bassali DATE: 06/01/2021 ADDRESS: 3750 Ruemmele Rd. MARKET: Grand Forks, ND ASSET TYPE: Multifamily LENDER: Greystone - Dan Sacks & Ilan Bassali (@IlanBass) LANDLORD: Northridge Group LOAN AMOUNT: $18,320,000 LOAN TERMS: HUD 223(f) 35 year term & amortization, low fixed rate

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Address3750 Ruemmele Road

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