PLEASE UPDATE YOUR BROWSER

1 Reason Insurance (715)598-9924

Leadership Through Service

  • About
    • Meet the Insurance Agents of 1 Reason Insurance
    • Partner Insurance Companies
  • Personal Insurance
    • Car Insurance Quote for Personal Auto
    • Boat Insurance
    • Home Owners Insurance Application
    • Life Insurance Quotes
    • Motorcycle Insurance
    • Personal Umbrella Insurance
    • Renters Insurance
    • RV Camper Insurance
    • Snowmobile Insurance
  • Business Insurance
    • Commercial Auto Insurance
    • What is General Liability Insurance
    • Rental or Vacant Properties
    • Workers Compensation in Wisconsin
  • Blog
  • Contact 1 Reason Insurance
    • Contribute As Guest Author
Home > Real Estate News > Greystone Provides $29.5 Million Bridge Loan for Atlanta Multifamily Acquisition

Greystone Provides $29.5 Million Bridge Loan for Atlanta Multifamily Acquisition

Posted on: September 1, 2021 By: Real Estate News

Greystone Brown Real Estate Advisors Handles $36.3 Million Sale of Marietta Asset

NEW YORK, Sept. 01, 2021 (GLOBE NEWSWIRE) — Greystone, a leading national commercial real estate finance company, provided a $29.5 million bridge loan for the acquisition of a multifamily community in Marietta, GA. The loan was originated by Keith Hires and Carter King of Greystone on behalf of the buyer and borrower Western Wealth Capital. The $36.5 million sale of the property was closed by Greystone Brown Real Estate Advisors.

BelAire Apartments is a 188-unit garden-style rental community located on Powder Springs Street in Cobb County. The property comprises 20 two-story buildings constructed in 1985, and features shared amenities such as a business center; swimming pool; fitness center; dog park; outdoor grilling and fireplace spaces; and laundry facility. The buyer plans to renovate the property during the term of the bridge loan and pursue a permanent exit with a Fannie Mae loan.

“BelAire fits perfectly in our portfolio growth plan with a focus on well-located suburban value-add assets,” said Len Bravo, Director of Acquisition & Asset Management, Western Wealth Capital. “Greystone Brown and Greystone together certainly proved their expertise in the Atlanta investment sales market and the lending landscape for this transaction.”

“We are thrilled to have helped WWC grow their portfolio, take advantage of the acquisition financing options Greystone has on offer, and pursue permanent financing in order to set up the asset for long-term success,” said Mr. Hires.

About Greystone
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.

About Greystone Brown Real Estate Advisors
Greystone Brown Real Estate Advisors is a commercial investment brokerage company specializing in the sale of multifamily properties throughout the Southeast. The firm is one of the largest and oldest privately held apartment brokerage firms in the region. Greystone Brown real estate professionals are committed to understanding the objectives of maximizing yields and profits while being able to meet critical time frames. For more information, visit www.brownra.com.

About Western Wealth Capital
WWC has developed a proven system for investing in multifamily properties in key real estate markets across the U.S. WWC offers investment partners the opportunity to invest in properties with substantial value-add opportunities. Since its inception, WWC has successfully completed more than $3 billion in real estate transactions, including acquiring 100 multifamily rental buildings representing more than 23,000 total units.

WWC’s vision is to build wealth for their investment partners with industry-leading returns. A people-first approach promotes excellence at every point; with highly efficient operations and a true commitment to our communities.

PRESS CONTACT:
Karen Marotta
Greystone
212-896-9149
Karen.Marotta@greyco.com

Greystone Greystone Provides $29.5 Million Bridge Loan for Atlanta Multifamily Acquisition

Comments

comments

Categories: Real Estate News

1Reason Agencies

What clients have to say:

Mike T. "I started a business last year and Robert responded to my inquiries immediately, and was extremely helpful and knowledgeable as to the type of insurance coverages I would need to get started. Now its been a year and he now carries All of my coverages! Absolutely the most hands on agent I've ever worked with but hands down the friendliest! I can call him anytime and never feel rushed and not only that but he responded while on a family vacation. I believe in relationships in business and so does Robert by the way he treats his customers. I have a true friend in the business, thank you Robert!"


Lynn R. "Bob is very knowledgeable and has always done a great job explaining different aspects of coverage. He is very accessible and looks out for what is best for the consumer. We highly recommend him!


Justin T. "Excellent agent, always available for answers to insurance related questions. Bob, is the person most people strive to become. Without a doubt, a great person!"


Sebastian T. "I can not begin to tell you how pleased I am with 1 Reason Insurance ! Their responding services is friendly and complete. For the services my company offers to the public it is sure nice to know that we are covered for a reasonable fee. Just having (1 R I ) 1 Reason Insurance there is such piece of mind ! Their insurance plans are strait to the point and easy to understand.
Thanks for the great service 1 Reason Insurance !"


Jeff H. "Very nice and cares about the customer! He was literally the reason why i chose him over other companies for my insurance"

Categories

  • Bonds
    • Performance Bond
  • Bookkeeping
    • Business Taxes
  • Business Marketing
    • Webhosting
  • Car Insurance
  • Commercial Auto
  • Commercial Insurance
  • Court Cases
  • Cyber Liability Insurance
  • Employment Opportunities
  • Employment Practices
  • Flood Insurance
  • Home Ownership
  • Homeowner's Insurance
  • Insurance Companies
    • Insurance News
  • Insurance Terms
  • Investing
    • Finance & Insurance News
  • Life Insurance
  • Non Emergency Medical Transportation
  • Payroll
  • Pinewood Derby
  • Professional Liability / E&O
  • Real Estate News
  • Rental Property Insurance
  • Retirement & Estate Planning
  • RV Insurance
  • Starting A Business
  • Stock Dividends
  • SuiteCRM Insurance CRM
  • Taxes
  • Tips & Advice
  • Travel
  • Uncategorized
  • Worker's Compensation

Recent Posts

  • LGI Homes Introduces Five New Floor Plans at Knights Bridge in Richburg, SC
  • Brandywine Realty Trust Prices $150 Million of 8.875% Guaranteed Notes Due 2029 With a Re-Offer Yield of 7.039%
  • Kite Realty Group Announces Pricing of $300 Million Senior Notes Offering
  • The Group CRE Unveils Ultra High-End Luxury Development Opportunities in Beverly Hills
  • Whitestone REIT Acquires 5000 South Hulen in Fort Worth, Texas
  • Armada Hoffler Announces Eva T. Hardy, Lead Independent Director, Will Retire From the Company’s Board of Directors
  • Slide Insurance Holdings, Inc. Announces Pricing of Upsized Initial Public Offering
  • Reliance Global Group Signs Letter of Intent to Sell Fortman Insurance for $5 Million in Cash