Greystone Arranges for $37M Refi Loan

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Greystone provided a $37 million Fannie Mae DUS loan to refinance Enclave at Westport in Roanoke, TX, in Denton County. Cary Tremper and Scott Kavel with Greystone worked on behalf of owner Integrated Real Estate Group to secure the 10-year, non-recourse ARM.

Enclave at Westport, at 13524 Alta Vista Rd., delivered in 2016. The Fannie Mae Near-Stabilization loan provides a permanent financing exit from the construction loan. The loan also carries three years of interest-only and a 30-year amortization.

The apartment property offers one, two and three-bedroom units. On-site amenities include a resort pool, internet café and 24-hour fitness center.

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