Greystone has provided a $26.7 million Fannie Mae loan to facilitate the acquisition of a 250-unit multifamily property in Hampton, GA. The seven-year term loan comes with a fixed rate and was originated by Managing Director Richard Kourbage for Atlanta-based Inspired Real Estate Partners (IREP).
Lakeside Villas Apartment Homes, built in 2002 on 23 acres, consists of 13 three-story residential buildings and features one-, two-, and three bedroom units complete with amenities such as clubhouse, fitness center, business center pool grill stations playground dog park car care area and covered parking.
“Lakeside Villas is our first acquisition since March 2023,” said IREP Co-Founder Brooks Castellaw. “Having owned the asset previously gives us an intimate knowledge of both the property itself as well as its submarket which aligns perfectly with our business plan: buying well built suburban multifamily properties located in Sunbelt states that boast modern floor plans oversized units direct access garages plus full amenity sets.”
