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NEW YORK, NY - Greystone, a leading national commercial real estate finance company, has provided $20,740,000 in HUD 223(f) financing for the acquisition of a 265-unit multifamily property in Rapid City, South Dakota. The financing was originated by Richard Kourbage, Managing Director at Greystone, on behalf of Tzadik Properties, LLC. The $20.74 million HUD-Insured loan carries a 35-year term and 30-year amortization along with a low, fixed rate. LaCrosse Estates Apartments is a 265-unit workforce housing community offering one-, two-, and three-bedroom units. The property features amenities ...

Greystone Provides $21 Million in HUD-Insured Financing for Multifamily Property in South Dakota May 25, 2021 12:36 ET | Source: Greystone Greystone New York, New York, UNITED STATES NEW YORK, May 25, 2021 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, has provided $20,740,000 in HUD 223(f) financing for the acquisition of a 265-unit multifamily property in Rapid City, South Dakota. The financing was originated by Richard Kourbage, Managing Director at Greystone, on behalf of Tzadik Properties, LLC. The ...