Greystone Provides $13.6 Million in Bridge Financing for 168-Unit Renaissance Apartment Community Located in Tallahassee, Florida
NEW YORK, NY - Greystone, a leading national commercial real estate finance company, has provided a $13,650,000 bridge loan to refinance a 168-unit multifamily property in Tallahassee, Florida. The transaction was originated by Kyle Jemtrud, Managing Director in Greystone’s Minneapolis office, on behalf of Pax Properties. The floating rate, interest only-bridge financing from Greystone features a 24-month term with two six-month extension options, with the intention to transition to...
Source: multifamilybiz.com