Greystone Refinances Multifamily Property In Newport News, VA For $9.5M

537 Bellwood Rd, Newport News, VA, USA

$9,511,000

$99/SF

Building Size

95,894 SF

Asset Type

MultiFamily

Closing

Oct 18, 2021

AI

The property involved in this closed transaction is a multifamily asset located at 537 Bellwood Rd. in Newport News, VA. The property has a total square footage of 95,894 and consists of 134 units.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $9,511,000
Market: Newport News, VA

The lender for this transaction was greystone''>Greystone, represented by Brian Walton. The loan amount for the refinance was $9,511,000. The loan terms include a 10-year term with a 2.74% interest rate. There is an initial interest-only period of 4 years.

The brokers involved in this deal were Jonathan Singer from Strategic Funding and Brian Walton from Greystone.

Players