NEW YORK, Jan. 10, 2024 (GLOBE NEWSWIRE) — Greystone Monticello, a bridge lending program serving as a one-stop shop provider of capital finance products and services for the multifamily and senior housing sectors, has provided a $36,300,000 bridge loan for a 226-unit student housing property in Bloomington, Indiana. Greystone intends to transition the property to a permanent exit with an innovative HUD-insured green financing.
“Greystone clients benefit from our commitment to continuous innovation on their behalf, which is needed more than ever in today’s challenging capital markets. As a result, we were able to provide a unique and seamless non-recourse bridge-to-perm financing solution that was more advantageous over options in the market,” said Mr. Zukerman.
“The Greystone Monticello team is highly skilled and efficient — we pride ourselves on creating value for our clients on every transaction,” added Eric Baum, head of the multifamily sales desk at Greystone Monticello.
About Greystone Monticello
The Greystone Monticello joint venture provides a wide range of bridge financing options in the multifamily and seniors housing industries along with hands-on collateral asset management to help service our clients. Greystone Monticello provides clients with exceptional service with breadth and depth of industry experience. For more information, visit www.greystonemonticello.com.
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.