{"id":8880,"date":"2023-06-26T06:37:50","date_gmt":"2023-06-26T11:37:50","guid":{"rendered":"https:\/\/1reason.com\/re\/greystone-provides-24-1-million-in-hud-insured-financing-for-multifamily-property-in-charlotte-north-carolina\/8880\/"},"modified":"2023-06-27T01:37:51","modified_gmt":"2023-06-27T06:37:51","slug":"greystone-provides-24-1-million-in-hud-insured-financing-for-multifamily-property-in-charlotte-north-carolina","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/greystone-provides-24-1-million-in-hud-insured-financing-for-multifamily-property-in-charlotte-north-carolina\/8880\/","title":{"rendered":"Greystone Provides $24.1 Million in HUD-Insured Financing for\u00a0Multifamily Property in Charlotte, North Carolina"},"content":{"rendered":"<div> The financing was originated by Lisa M. Fischman, Managing Director at Greystone, on behalf of Pressly Development Company.  <\/p>\n<p><strong>Argyle Place Apartments <\/strong>in Hickory is a midrise apartment community with 20 buildings consisting of one-, two- and three-bedroom units that were originally constructed in 1987 and 2001, and renovated in 2018. The HUD-insured loan carries a 35-year term and amortization along with a low, fixed rate. In addition to refinancing, loan proceeds enable the borrower to make renovations to the property and fund new construction projects.<\/p>\n<p>\u201cAt Greystone, we rise to the challenge of helping clients navigate complex circumstances to secure the right financing for the multifamily properties in their portfolios,\u201d said Ms. Fischman. \u201cClients choose Greystone for our significant multifamily expertise, our deep lending platform, and our commitment to helping them bring the vision for their properties to life.\u201d<\/p>\n<p>\u201cWe are incredibly impressed with the creativity, capabilities and commitment of Greystone \u2013 our team delivered for us a financing solution that others couldn\u2019t,\u201d said James Pressly, co-owner of Pressly Development Company. \u201cGreystone\u2019s attention to detail throughout this transaction was remarkable \u2013 the entire experience exceeded our expectations.\u201d<\/p>\n<p>David L. Pressly, Jr., principal of the borrower, added, \u201cWe\u2019re actively working with the team on the next project and know that, even in these challenging economic times, Greystone will find the best path to closing.\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=0tctQE9Tx589QOb3YpxdMGbqU4U-vygef_rXxN557eLGUNJ_zwAvf8RiNRqfROstVbmDvP0e4WdTye5BlI0L2w==\" 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=Koa3v9jcZgJOlAYptsdT2CQMPydDHHq9oopSgXVMZP0R4qXdnPHhJEl9_Vuz99k4drCRERcb7tsOyNThhyArVBTPcWegqGeqSNPuyrYlt48=\" 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\/N2NmN2VkNjgtOTIxNC00NjRjLThiMDYtOWJmMzdkYTNlMWU5LTEwMzQ5NDg=\/tiny\/Greystone.png\"><\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<p align=\"left\">NEW YORK, May 23, 2023 (GLOBE NEWSWIRE) &#8212; Greystone, a leading national commercial real estate finance company, has provided a $24.1 million HUD 223(f) loan to refinance a 216-unit multifamily property in Charlotte, North Carolina.<\/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\/8880"}],"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=8880"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/8880\/revisions"}],"predecessor-version":[{"id":8887,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/8880\/revisions\/8887"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=8880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=8880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=8880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}