NEW YORK, Sept. 13, 2024 (GLOBE NEWSWIRE) — Greystone Monticello, a bridge lending platform providing comprehensive capital solutions for the multifamily and senior housing sectors, closed two bridge loans totaling $40.3 million for two apartment complexes in Las Vegas, NV.
The purpose of both bridge loans is to refinance the outstanding bridge loans and provide additional time to enhance operations, positioning the properties for a potential sale or permanent financing.
Greystone Monticello’s Senior Managing Director, Darryl Myrose, originated these loans through the firm’s Bridge platform.
“Despite challenging market conditions, we are thrilled to have provided a short term, cash-neutral financing solution to a leading sponsor allowing time to execute the full business plan,” adds Mr. Myrose.
The transactions, totaling 262 units, expand Greystone Monticello’s multifamily financing footprint in the market.
For more information on multifamily bridge loans, contact Eric Baum (eric.baum@greystonemonticello.com, 212-896-9192).
About Greystone Monticello
The Greystone Monticello joint venture provides a wide range of bridge financing options in the multifamily and seniors housing industries along with hands-on collateral asset management to help service our clients. Greystone Monticello provides clients with exceptional service with breadth and depth of industry experience. To learn more, visit www.greystonemonticello.com.
PRESS CONTACT:
Karen Marotta
Greystone Monticello
917-902-7073
karen.marotta@greystonemonticello.com
