{"id":6442,"date":"2022-07-06T03:24:00","date_gmt":"2022-07-06T08:24:00","guid":{"rendered":"https:\/\/1reason.com\/re\/greystone-provides-49-million-in-bridge-financing-for-acquisition-of-multifamily-property-in-katy-texas\/6442\/"},"modified":"2022-07-06T22:24:00","modified_gmt":"2022-07-07T03:24:00","slug":"greystone-provides-49-million-in-bridge-financing-for-acquisition-of-multifamily-property-in-katy-texas","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/greystone-provides-49-million-in-bridge-financing-for-acquisition-of-multifamily-property-in-katy-texas\/6442\/","title":{"rendered":"Greystone Provides $49 Million in Bridge Financing for Acquisition\u00a0of Multifamily Property in Katy, Texas"},"content":{"rendered":"<div> The financing was originated by Richard Kourbage, Managing Director in Greystone\u2019s New York office, on behalf of <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=85U0ZSmjnWVlajLlHWks6WVl7ulENUvO4bmuA9jbfP9uoWgftBn5biz3I1VGuIUaXhFYFjMpsJ_18ehcoP_Zpg==\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Lloyd Jones\">Lloyd Jones<\/a>, a repeat client.  <\/p>\n<p>Constructed in 2019, <strong>Seville at Clay Crossing Apartments in Harris County<\/strong> is a garden-style community consisting of 17 three-story buildings with 192 one-, 132 two-, and 27 three-bedroom units. The $49,140,000 interest-only bridge loan carries a 36-month term with two 12-month extension options, so the borrower could complete the acquisition while Greystone works to secure permanent Fannie Mae financing.<\/p>\n<p>\u201cGreystone\u2019s comprehensive multifamily lending platform allows our clients to be assured through every phase of their transaction that we will have the right financing to meet their needs,\u201d said Mr. Kourbage. \u201cOur bridge lending program is a great fit for those who need a short-term solution while preparing for permanent financing.\u201d<\/p>\n<p>\u201cWe came back to Greystone not just because of the extensive lending platform, but for the stellar service and execution during every step of the deal,\u201d said Mr. Christopher Finlay, principal of the borrower. \u201cThrough the years and through various market cycles, Greystone has demonstrated that they are unflappable and unstoppable &#8211; truly best-in-class in multifamily finance.\u201d<\/p>\n<p align=\"justify\"><strong>About Greystone<\/strong><br \/>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 <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=lrBoL-XPr_4U4Evg03f02Rr2fKg3aprmUXnug8nCSqgb35VrfXlkM4FOdMPyuW7oAv602DB8MuGfIo4xoxJ9Nw==\" rel=\"nofollow noopener\" target=\"_blank\" title=\"www.greystone.com\">www.greystone.com<\/a>.<\/p>\n<p align=\"justify\"><strong>PRESS CONTACT:<\/strong><br \/>Karen Marotta<br \/>Greystone<br \/>212-896-9149<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=pIVPhuYjs_11bTw4aw5G7r-snHUieYMokRu1daEUFulyVx0C8_S7BvHr9eJnX7SY-4JOUNQf5Oa61Lzk9vX8D9xMrJlknofzzeP8qM4d6LQ=\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Karen.Marotta@greyco.com\">Karen.Marotta@greyco.com<\/a><\/p>\n<p><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" data-src=\"https:\/\/ml.globenewswire.com\/media\/MDU1YzJiMjQtNTkzNi00MWRhLTlhYzgtZjk3NzgxZDA3OGMwLTEwMzQ5NDg=\/tiny\/Greystone.png\"><\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<p align=\"left\">NEW YORK, June 07, 2022 (GLOBE NEWSWIRE) &#8212; Greystone, a leading national commercial real estate finance company, has provided $49,140,000 in bridge financing to acquire a 351-unit multifamily property in Katy, 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\/6442"}],"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=6442"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/6442\/revisions"}],"predecessor-version":[{"id":6453,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/6442\/revisions\/6453"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=6442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=6442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=6442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}