Greystone Closes $60.5 Million Bridge Loan for Multifamily Property in Atlanta
February 18, 2014
Greystone announced it has closed a $60.5 million bridge loan for a 664-unit multifamily property in Roswell, GA.
“We are grateful to have had the opportunity to perform for the borrower and the correspondent on this transaction,” said Martin Lanigan, head of Greystone’s Portfolio Lending Group. “As we knew from the beginning, time was of the essence and we were able to get the execution done in a very efficient manner,” he added.
Greystone provides mortgage finance solutions across multiple platforms, including FHA, Fannie Mae, Freddie Mac, USDA, CMBS, bridge, mezzanine and other proprietary loan programs. In 2013, Greystone was ranked #1 in combined multifamily and healthcare FHA lending, ranked #1 in Small Loans and #3 in Affordable Housing as a Fannie Mae DUS lender in 2013, and is a top-5 Freddie Mac lender for seniors housing.