Avalon Estates Secures $34.4M Loan On Lubbock Multifamily Property With Greystone

A multifamily property located at 3420 Milwaukee Ave in Lubbock's West End market was involved in a loan transaction. The loan, which was closed on 06/04/20, was facilitated by Avalon Estates, represented by Olov Nasiell as the borrower. greystone''>Greystone, led by Stephen Rosenberg, provided the loan. The loan amount for this transaction was $34,419,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $34,419,000
• Address: 3420 Milwaukee Ave
• City: Lubbock
• Market: West End

In addition to the borrower and lender mentioned above, the deal involved several brokers. Steven Mumford from Eastpoint Funding, Peter Sharp from Promenade Lending, and Kirk Slemmer were the brokers who facilitated the transaction.