Greystone provided $49,140,000 in bridge financing to acquire a 351-unit multifamily property in Katy, Texas. Constructed in 2019, Seville at Clay Crossing Apartments in Harris County is a garden-style community consisting of 17 three-story buildings with 192 one-, 132 two-, and 27 three-bedroom units. The $49,140,000 interest-only bridge loan carries a 36-month term with two 12-month extension options, so the borrower could complete the acquisition while Greystone works to secure permanent Fannie Mae financing.
Seville at Clay Crossing
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Property Type
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Loan Amount$49,140,000
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Financing Option