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Greystone Provides $68M Construction Loan on Florida Apartments

June 10, 2024

Greystone Provides $68M Construction Loan on Florida Apartments

“Murbeck Investments has landed $67.5 million of construction financing to build a 315-unit multifamily development in Gainesville, Fla., near the University of Florida campus, Commercial Observer has learned.

Greystone supplied the two-year, nonrecourse loan on the planned Natura by Murbeck project and will eventually transition to a permanent loan at a fixed interest rate of 5.98 percent.”

Read more on Commercial Observer.