Greystone has provided a $24.1 million HUD 223(f) loan to refinance a 216-unit multifamily property in Charlotte, NC. Lisa M. Fischman, Managing Director at Greystone, originated the financing on behalf of Pressly Development Company.
Argyle Place Apartments in Hickory consists of 20 buildings with one-, two- and three-bedroom units constructed between 1987 and 2001 that were renovated in 2018. The loan carries a 35-year term and amortization along with a low fixed rate; proceeds will also enable renovations to the property as well as new construction projects.
Ms Fischman commented: “At Greystone we strive to help clients secure the right financing for their multifamily properties by leveraging our significant expertise within this sector, deep lending platform and commitment towards bringing their vision for these properties into reality”
Greystone Provides $24 Million Refinancing Loan For Charlotte Multifamily Property
Greystone has provided an impressive $24 million HUD 223(f) refinancing loan for Pressly Development Company’s 216 unit multi family property located in Charlotte North Carolina . This was successfully achieved through Lisa M Fischman , Managing Director at Grey stone who worked diligently on behalf of Pressly Developments . Argyle Place Apartments is situated within Hickory which comprises twenty buildings containing one , two or three bedroom units built between 1987 -2001 then renovated again during 2018 .The thirty five year term comes complete with low fixed rates allowing borrowers access to funds enabling them not only refinance but also renovate existing structures plus construct new ones too ! Ms Fishchmans comments : ” At grey stone we are proud to be able offer our extensive knowledge base combined with our comprehensive lending platform ensuring clients can achieve their desired outcomes when it comes down investing into multi family properties”
