Greystone has provided a $26.7 million Fannie Mae loan to facilitate the acquisition of a 250-unit multifamily property in Hampton, GA by Atlanta-based Inspired Real Estate Partners (IREP). The financing includes a seven-year term at a fixed rate and was originated by Managing Director Richard Kourbage.
Lakeside Villas Apartment Homes, constructed in 2002 on 23 acres, consists of 13 three-story residential buildings with one-, two-, and three bedroom units featuring amenities such as clubhouse, fitness center, business center, pool area with grill stations and playgrounds for both children and pets alike along with car care area plus covered parking.
“We are very familiar with Lakeside Villas having owned it before; this acquisition marks our first since March 2023,” said IREP Co-Founder Brooks Castellaw. “The property is well built suburban multifamily housing located in the Sunbelt region boasting modern floor plans complete oversized units plus direct access garages all complemented by an array of full amenity sets.”
