17/07/2017 15:05:56

Greystone Provides $23 Million HUD Loan for New Development in Gainesville, FL

NEW YORK, July 17, 2017 (GLOBE NEWSWIRE) -- Greystone, a real estate lending, investment and advisory company, announced it has provided $23,452,300 in HUD-insured financing for the construction of 23 West Apartments, a 176-unit community planned for Gainesville, FL. The transaction was originated by Christine Griffin, a Managing Director in Greystone’s New York office.

One of the first new construction multifamily developments planned in metro Gainesville west of I-75, 23 West Apartments will comprise 15 2-story buildings. Developed by principal Svein Dyrkolbotn of Viking Companies, 23 West will include a mix of 60 one-bedroom, 92 two-bedroom, and 23 three-bedroom units, in a townhome style, all with attached garages and additional parking, spread over almost 20 acres. Planned community amenities include fitness center; swimming pool; community room; picnic/play area; business center; and car care area. The HUD-insured loan period covers 17 months of construction plus 40 years.  

“Having developed a number of student housing and large commercial properties in the Gainesville area, this transaction marks the borrower’s first foray into market rate multifamily development,” said Ms. Griffin. “Using this lending platform, borrowers can take advantage of low, fixed-rate construction and long term fully amortizing permanent financing based on expected future rental income. It was a pleasure to work with the dedicated and creative folks at the Viking Companies and we truly value their business,” she added.

“This project will help meet the demand for new rental housing in Gainesville, and we took great care to design a community that takes into consideration what local families value in residential offerings – townhouse design, accessibility, security and amenities,” said Mr. Dyrkolbotn. “Greystone has served as a trusted and reliable lender as they guided us through the process, and we are excited to deliver the product to the market,” he added.

About Greystone

Greystone is a real estate lending, investment and advisory company with an established reputation as a leader in multifamily and healthcare finance, having ranked as a top FHA and Fannie Mae lender in these sectors. Our range of services includes commercial lending across a variety of platforms such as Fannie Mae, Freddie Mac, CMBS, FHA, USDA, bridge and proprietary loan products. Loans are offered through Greystone Servicing Corporation, Inc., Greystone Funding Corporation and/or other Greystone affiliates. For more information, visit www.greyco.com.

PRESS CONTACT:

Karen Marotta

Greystone

212-896-9149

Karen.Marotta@Greyco.com

Primary Logo

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
19 Feb
 
Jeg tager hatten for dit velbegrunede og fyldestgørende indlæg til debatten. Det kunne mange lære af..
32
21 Feb
GEN
Det er altid rart at møde et ungt menneske, der har potentiale til at blive klogere.
26
23 Feb
ZEAL
Jeg har tildigere her på EI rapporteret at Soliqua ville blive lanceret i Sydkorea. Nu har Sanofi af..
25
21 Feb
GEN
Du bliver da dummere og dummere at høre på 
21
24 Feb
NRDF
  Aktieugen er overstået og desværre, men ikke særligt overraskende, viste det sig igen, at det dans..
16
23 Feb
ZEAL
Sanofi og  har for et par dage siden oplyst på clinicaltrial.gov at de starter studiet «LixiPark» me..
14
23 Feb
GEN
H2 2018 er pakket med nyheder og kliniske data fra daratumumab i solide tumorer er en af de største ..
13
24 Feb
MATAS
Jeg vil indledningsvis oplyse, at jeg er aktionær i Matas. GAK er 71.   For lidt under tyve år siden..
12
21 Feb
TRMD-A
Mange års erfaring i teknisk analyse berettiger mig til at give dig følgende svar:    Torm viser akt..
12
20 Feb
 
Helt korrekt. Jeg skiftede job i 2007 og har på denne ene pension fra dette tidspunkt indbetalt 648...
12

HSBC Bank Plc : Form 8.5 (EPT/RI) - Lonmin PLC

22/02/2018 10:54:53
FORM 8.5 EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY Rule 8.5 of the Takeover Code (the "Code") 1.         KEY INFORMATION (a) Name of exempt principal trader: HSBC BANK PLC (b) Name of offeror/offeree i..

Rathbone Brothers Plc : Preliminary announcement of 2017 results

22/02/2018 07:00:19
Funds under management up 14.3% to £39.1 billionThis is a preliminary statement of annual results published in accordance with FCA Listing Rule 9.7A. It covers the year ended 31 December 2017. Mark Nicholls, Chairman of Rathbone Brothers Plc, said: "UK and global investment markets performed well in 2017, with some indices reaching record levels towards the end of the year. This outcome has b..

Elliott Capital Advisors, L.P : Form 8.3 - GKN Plc

21/02/2018 15:25:10
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code") 1.         KEY INFORMATION (a) Full name of discloser: Elliott Capital Advisors, L.P. (for itself and related general partners ..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
Qorvo® RF Fusion™ Helps Microsoft Surface Pro with LTE Advanced Stay Connected
2
Qorvo® Wins Prestigious GTI Award for 5G RF Front End
3
Nokia enhances whole-home Wi-Fi solution for service providers to provide faster, better, smarter network experience
4
Canada’s Johnston Maintains Lead after Day Three of FLW Tour at Harris Chain of Lakes Presented by Lowrance
5
Nokia and China Mobile to jointly explore use of 5G to drive new business opportunities for vertical industries

Buy and sell signals

  • Trend
  • Moneymachine

Copyright Euroinvestor A/S 2018   Disclaimer and Terms of Use
Quote information is delivered by Morningstar.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
25 February 2018 21:31:28
(UTC+00:00) Dublin, Edinburgh, Lisbon, London
Version: ReleaseBuild_20180222.1 - EUROWEB5 - 2018-02-25 22:31:28 - 2018-02-25 21:31:28 - 1000 - Website: OKAY