Greystone Provides $123 Million in HUD-Insured Financing for 560-Unit Multifamily Housing Portfolio Located in Riverside, California
NEW YORK, NY - Greystone, a leading national commercial real estate finance company, has provided a total of $123,047,900 in HUD-insured loans to refinance a 560-unit multifamily property portfolio in Riverside, CA. The transaction was originated by Dan Sacks and Ilan Bassali of Greystone. The two HUD-insured Section 223(f) loans finance Colonnade at Sycamore Highlands, comprising 288 units, and Castlerock at Sycamore Highlands, comprising 272 units, with long-term, fixed rate debt. The $63.4...
Source: multifamilybiz.com