Greystone Provides $16.15 Million Refinance Loan For Multifamily Property In Dallas

The property involved in this transaction is a multifamily asset located at 6055 Ridgecrest Road and 8538 & 8550 Park Lane in Dallas, TX. The asset comprises 290 units and spans approximately 7 acres. The loan amount for this refinancing transaction is $16,149,000, which falls under a 5-year loan type.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $16,149,000
• Loan Type: Refinance
• Loan Terms: 5-year fixed-rate debt with two years of interest-only payments
• Lender: Stephen Rosenberg, Tony Spaeth, TJ Spaeth & Dylan DiBello - Greystone
• Landlord: Jane Thiel — Texcan Ventures IV, LTD
• Units: 290
• Acres: 7.0

The financing for the Sunchase Park and Ramblewood Apartments was originated by Tony Spaeth, TJ Spaeth, and Dylan DiBello. This deal underscores the ongoing activity in the Dallas multifamily market, with Greystone facilitating the refinancing through a Freddie Mac loan.