Greystone has recently provided a $15 million loan for the refinancing of a 94-unit multifamily property in Stamford, Connecticut. The property, located at 100 Prospect Street and originally built as office towers, was converted to residential use in 2008. This development offers various common area amenities such as an exercise room, community room, and rooftop terrace.
The financing for this project was facilitated by Lori DiMartino from Greystone. The new HUD-insured financing serves as a permanent solution to replace an existing bridge loan that was used during the acquisition of the property. It features a fixed-rate term of 35 years.
This news highlights Greystone’s continued success in providing financial solutions for real estate projects across different markets.
