Greystone has provided a bridge loan for the acquisition of Vista Azul Apartments, a 248-unit multifamily property in Dallas, TX. The transaction was originated by Justin Hechler, Vice President at Greystone on behalf of Ryan Hall & Robert Murray of Magma Equities.
The non-recourse floating rate bridge loan from Greystone features a 36-month term with two six-month extensions and is interest-only. Located in Northwest Dallas, Vista Azul Apartments was constructed in 1973 and features 15 two- and three-story apartment buildings. The property includes amenities such as a fitness center, laundry room, and a BBQ area with on-site parking.