FINANCED
Greystone Secures $15.4M Bridge Loan For Texas Multifamily Portfolio
Greystone Secures $15.4M Bridge Loan For Texas Multifamily Portfolio
MultiFamily
Financed 85 days ago
Summary
Loan
TEXAS
MultiFamily
A Texas multifamily portfolio has secured $15.4 million in Bridge-to-Agency financing, facilitated by Lance Wright of Greystone and Duke Stone of Churchill Capital Company. The portfolio encompasses 189 units located in Sherman and Denison. The properties will undergo renovations before transitioning to permanent Agency financing from Greystone.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $15,400,000
- Units: 189
- Address: Multifamily Portfolio
- Market: Sherman, Texas & Denison
Lance Wright, representing Greystone, and Duke Stone, representing Churchill Capital Company, played key roles in securing the $15.4 million Bridge-to-Agency financing for the Texas multifamily portfolio. Their efforts combined with the renovation plans for the properties will ultimately pave the way for a transition to permanent Agency financing provided by Greystone.
Details
FINANCED
IMAGE: Lance Wright & Duke Stone
DATE: 02/14/2024
ADDRESS: Multifamily Portfolio
MARKET: Sherman, Texas & Denison
ASSET TYPE: Multifamily ~ UNITS: 189
LENDER: Lance Wright - Greystone (@Greystonecref); Duke Stone - Churchill Capital Company
LOAN AMOUNT: $15,400,000
LOAN TYPE: Bridge Loan
LOAN TERMS: interest-only bridge financing carries a two-year term with two, six-month extension options
NOTE: Greystone secured $15.4 million in Bridge-to-Agency financing for a Texas multifamily portfolio, facilitated by Lance Wright and Duke Stone. The portfolio, consisting of 189 units in Sherman and Denison, will undergo renovations before transitioning to permanent Agency financing from Greystone.View on map
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AddressGreystone Secures $15.4M Bridge Loan For Texas Multifamily Portfolio
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