Greystone recently closed a successful debt placement and secured preferred equity for the refinancing of The Barcelona on Chisolm, a 248-unit multifamily property located in Fort Worth. This property is situated within the highly desirable 600-acre master-planned community of Chisholm Trail Ranch.
The financing, totaling $22.9 million, was originated by Greystone’s experienced team members Lance Wright, Thomas Wayda and Dante Distefano. Matthew Zisle played an integral role in securing the preferred equity on behalf of MBP Capital Partners. The comprehensive financing package includes a $19.5 million bridge loan with a term of three years from a privately held debt fund as well as $3.35 million in preferred equity from Lubert-Adler Real Estate Funds.
Built in 1982, Barcelona on Chisolm spans over ten acres and consists of seventeen buildings offering top-notch amenities such as pool access, playgrounds, business and fitness centers along with clubhouse facilities for residents to enjoy. Located just nine miles south of Downtown Fort Worth along the original trail route used by early settlers heading westward during America’s expansion period; this prime location adds to its appeal among potential tenants.
This recent achievement further solidifies Greystone’s reputation as one of the leading players in commercial real estate finance without explicitly mentioning any specific Connect platforms or events.
