Greystone provided an $18,960,000 bridge loan for the acquisition of a multifamily property in Fort Worth, Texas. Ralph Rader of Marcus & Millichap served as correspondent on the transaction.
The 224-unit property located on Ederville Road has been rebranded as The Aspen upon acquisition, and consists of 27 two-story apartment buildings constructed in 1978 on a 12-acre site. Amenities of the property include an on-site leasing office; swimming pool; outdoor grilling / barbeque area; dog park; and two laundry facilities.