Greystone Monticello has provided a $36,300,000 bridge loan for a 226-unit 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.