Greystone has provided a $24.1 million loan for the refinancing of Argyle Place Apartments in Hickory, North Carolina. The loan was originated by Lisa M. Fischman, Managing Director at Greystone, on behalf of Pressly Development Company and carries a 35-year term and amortization along with a low fixed rate. Loan proceeds will enable the borrower to make renovations to the property as well as fund new construction projects.
Ms Fischman commented: “At Greystone we are committed to helping clients bring their vision for multifamily properties into reality by providing them with significant expertise and deep lending platforms that help navigate complex financing circumstances”
This post originally appeared on Connect CRE
