Greystone Refinances Multifamily Portfolio In Lindale, Texas For $16.1M

greystone''>Greystone recently refinanced a portfolio of four multifamily properties in Smith County, Texas. The portfolio consists of a total of 136 units. The properties are located in the Lindale market.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $16,114,000
• Address: Multifamily Portfolio
• Market: Lindale
• Loan Type: Refinance
• Loan Terms: Non-recourse, fixed-rate loans with a 10-year term and 30-year amortization schedule. Interest-only payments for the first two years.

The lender for this transaction was Stella Plotkin, Vice President at Greystone. She originated the non-recourse, fixed-rate loans for the portfolio. Richard Hillard is the landlord of the properties.

Stella Plotkin of Greystone helped secure $16,114,000 in Fannie Mae loans for the refinancing of the four multifamily properties. The loans have a 10-year term and a 30-year amortization schedule with interest-only payments for the first two years.