{"id":400,"date":"2020-10-28T19:37:32","date_gmt":"2020-10-29T00:37:32","guid":{"rendered":"https:\/\/1reason.com\/re\/greystone-provides-24-million-in-hud-insured-financing-for-a-multifamily-property-in-azle-texas\/400\/"},"modified":"2020-10-29T14:37:32","modified_gmt":"2020-10-29T19:37:32","slug":"greystone-provides-24-million-in-hud-insured-financing-for-a-multifamily-property-in-azle-texas","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/greystone-provides-24-million-in-hud-insured-financing-for-a-multifamily-property-in-azle-texas\/400\/","title":{"rendered":"Greystone Provides $24 Million in HUD-Insured Financing for a Multifamily Property in Azle, Texas"},"content":{"rendered":"
The transaction was originated by Eric Rosenstock, Managing Director in Greystone\u2019s New York office, on behalf of Partin Development Group. <\/p>\n

The $24,126,900 HUD-insured Section 223(a)(7) financing carries a 40-year term and amortization, along with a low, fixed rate. The property complies with HUD\u2019s Energy Star requirement of a 75 score or higher to achieve a Green Mortgage Insurance Premium (MIP) reduction.<\/p>\n

Constructed in 2018, Reata West Apartments features 10 three-story garden-style apartment buildings and 224 one-, two- and three-bedroom units with modern amenities and finishes, full-size in-unit laundry, and private outdoor living space. Residents also enjoy access to the community\u2019s clubhouse and business center; pool, fitness center and outdoor recreational facilities; and dog park, on-site parking and garages. Located in Tarrant and Parker Counties, the property is close to Azle\u2019s schools, shopping and the area\u2019s recreational and parks offerings, including Eagle Mountain Lake and the Fort Worth Nature Center and Refuge.<\/p>\n

\u201cMy team is known for being a standout when it comes to HUD lending, not only because we know the market and the lending process but also because we consistently surpass our clients\u2019 expectations,\u201d said Mr. Rosenstock. \u201cClients trust Greystone to deliver the right financing in every market cycle \u2013 the combination of our deep HUD platform and our seamless execution results in a service experience that keeps them coming back.\u201d<\/p>\n

\u201cWith so much uncertainty in the market today, we knew the experts at Greystone were the only team for the job — they have a level of professionalism and product knowledge that is well-known in this industry,\u201d said Mr. Jeff Partin, principal, Partin Development Group. \u201cThis refinancing enables us to continue to manage this property to our high standards and enhance the quality of life for the residents who make Reata West Apartments their home.\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. Our range of services includes commercial lending across a variety of platforms such as Fannie Mae, Freddie Mac, CMBS, FHA, USDA, bridge and proprietary loan products. 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

PRESS CONTACT:<\/strong>
Karen Marotta
Greystone
212-896-9149
Karen.Marotta@greyco.com<\/a><\/p>\n

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

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NEW YORK, Sept. 30, 2020 (GLOBE NEWSWIRE) — Greystone, a leading commercial real estate lending, investment, and advisory company, has provided a $24 million HUD-insured loan to refinance a 224-unit multifamily property in Azle, Texas.<\/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\/400"}],"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=400"}],"version-history":[{"count":0,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/400\/revisions"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}