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Greystone Provides $24M Refinancing for 190-Unit MF Property in Virginia
Commercial real estate lending, investment and advisory company Greystone has provided a $24 million HUD-insured loan to refinance Tapestry Park Apartments, a 190-unit multifamily property in Chesapeake, VA. Eric Rosenstock and Jesse Yodice of Greystone secured the financing on behalf of the borrower, Baron Realty Advisors.
Built in 2011, the property features 10, three-story garden-style apartment buildings comprising 190 one-, two- and three-bedroom units with modern amenities and finishes, in-unit laundry and private outdoor living space.
“The Greystone team excels at scenario-planning with our clients and finding the right financing terms for every economic cycle,” said Yodice. “Clients look to us to anticipate their needs throughout every market turn — they know that Greystone’s extensive lending platform, deep industry knowledge and creativity results in a transaction experience they cannot get anywhere else.”
For comments, questions or concerns, please contact David Cohen
- ◦Financing
