Greystone recently closed a $15 million loan to refinance a 94-unit multifamily property in Stamford, Connecticut. The property, located at 100 Prospect Street and originally built as office towers, was converted into residential units in 2008. This development offers various amenities such as an exercise room, community room, and rooftop terrace for its residents.
Lori DiMartino of Greystone originated the financing for this project. The new HUD-insured loan provides permanent financing and replaces an existing bridge loan used during the acquisition of the property. It also features a fixed-rate term of 35 years.
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