Tyler Armstrong Secures $30 Million Loan For MultiFamily Property In Waco

The Delaney at Waco is a 169-unit seniors housing property located at 2121 W Hwy 6 in Waco, TX, 76710. The property offers a range of services including independent living, assisted living, and memory care. The refinancing of this asset was facilitated through a $30 million loan. The financing, originated by Tyler Armstrong of Greystone, was structured with a floating interest rate, seven-year term, and a 30-year amortization schedule. The undisclosed bank provided the loan for this transaction.

Summary of transation details:

• Property Type: MultiFamily
• Transaction Amount: $30,000,000.00
• Market: Waco
• Borrower's Rep: Tyler Armstrong
• Lender: Undisclosed bank

Iowa-based owner-operator Life Care Services, represented in the deal by Tyler Armstrong of Greystone, was the borrower for the $30 million loan arranged for The Delaney at Waco. The financial aspect of the transaction involved a seven-year term with a floating interest rate. The undisclosed bank that provided the loan played a crucial role in supporting this refinancing initiative.