{"id":17704,"date":"2026-02-25T10:58:07","date_gmt":"2026-02-25T16:58:07","guid":{"rendered":"https:\/\/1reason.com\/re\/greystone-finances-bayshores-110-million-acquisition-of-large-suburban-illinois-purchase\/17704\/"},"modified":"2026-02-26T04:58:07","modified_gmt":"2026-02-26T10:58:07","slug":"greystone-finances-bayshores-110-million-acquisition-of-large-suburban-illinois-purchase","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/greystone-finances-bayshores-110-million-acquisition-of-large-suburban-illinois-purchase\/17704\/","title":{"rendered":"Greystone Finances Bayshore’s $110 million Acquisition of Large Suburban Illinois Purchase"},"content":{"rendered":"
The financing was originated by Eric Rosenstock, Senior Managing Director at Greystone, on behalf of Bayshore Properties, a long-time client. <\/p>\n

The financing includes a $89,226,000 non-recourse, fixed-rate Fannie Mae loan with a 10-year term and 30-year amortization, as well as five years of interest-only payments. The second loan is a non-recourse, fixed-rate DUS Lender Affiliate (DLA) mezzanine loan for $5,577,000 with a 10-year term and full-term interest-only payments.<\/p>\n

Woodlands of Crest Hill, located in Will County, is a garden style apartment community constructed in 1969 that consists of 730 studio, one-bedroom and two-bedroom units, as well as a clubhouse with fitness center, business center, swimming pool with sundeck and outdoor volleyball courts.<\/p>\n

\u201cThis financing was a great example of what\u2019s possible when experience, execution, and market knowledge align,\u201d said Nick Kozul, Principal of Bayshore Properties. \u201cGreystone brought a clear strategy to the table, moved quickly, and delivered terms that fit our long-term business plan perfectly. We value our relationship with Greystone, as they understand our portfolio and can execute without friction, and this transaction checked every box.\u201d<\/p>\n

\u201cBayshore Properties is a best-in-class multifamily owner with a thoughtful, disciplined approach to growth,\u201d said Mr. Rosenstock. \u201cWe were proud to structure a financing solution that supported their objectives while providing long-term certainty. Transactions like this reflect the strength of our relationship and our commitment to delivering smart, dependable capital in a variety of markets.\u201d<\/p>\n

About Greystone<\/strong>
Greystone is a private national commercial real estate finance company with an established reputation as a leader in multifamily and healthcare finance, having ranked as a top FHA, Fannie Mae, and Freddie Mac lender in these sectors. Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC and\/or other Greystone affiliates. For more information, visit www.greystone.com<\/a>.<\/p>\n

Media Contact:<\/strong>
Fran Del Valle
fran@influencecentral.com<\/a><\/p>\n

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

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NEW YORK, Feb. 10, 2026 (GLOBE NEWSWIRE) — Greystone, a leading national commercial real estate finance company, has provided a $89,226,000 first loan and $5,577,000 second loan to finance the acquisition of Crest Hill apartments, a multifamily property in Crest Hill, Illinois.<\/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\/17704"}],"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=17704"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/17704\/revisions"}],"predecessor-version":[{"id":17709,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/17704\/revisions\/17709"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=17704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=17704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=17704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}