{"id":12666,"date":"2024-10-09T11:51:08","date_gmt":"2024-10-09T16:51:08","guid":{"rendered":"https:\/\/1reason.com\/re\/greystone-monticello-closes-40-3-million-in-total-bridge-financing-for-multifamily-properties-in-las-vegas\/12666\/"},"modified":"2024-10-10T06:51:08","modified_gmt":"2024-10-10T11:51:08","slug":"greystone-monticello-closes-40-3-million-in-total-bridge-financing-for-multifamily-properties-in-las-vegas","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/greystone-monticello-closes-40-3-million-in-total-bridge-financing-for-multifamily-properties-in-las-vegas\/12666\/","title":{"rendered":"Greystone Monticello Closes $40.3 Million in Total Bridge Financing for Multifamily Properties in Las Vegas"},"content":{"rendered":"
<\/p>\n

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.<\/p>\n

Greystone Monticello\u2019s Senior Managing Director, Darryl Myrose, originated these loans through the firm\u2019s Bridge<\/a> platform.<\/p>\n

\u201cDespite 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,\u201d adds Mr. Myrose.<\/p>\n

The transactions, totaling 262 units, expand Greystone Monticello\u2019s multifamily financing footprint in the market.<\/p>\n

For more information on multifamily bridge loans, contact Eric Baum (eric.baum@greystonemonticello.com<\/a>, 212-896-9192).<\/p>\n

About Greystone Monticello<\/strong><\/p>\n

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<\/a>.<\/p>\n

PRESS CONTACT:<\/strong>
Karen Marotta
Greystone Monticello
917-902-7073
karen.marotta@greystonemonticello.com<\/u><\/a><\/p>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

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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.<\/p>\n<\/div>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/12666"}],"collection":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/comments?post=12666"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/12666\/revisions"}],"predecessor-version":[{"id":12667,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/12666\/revisions\/12667"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=12666"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=12666"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=12666"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}