Greystone Provides $18M for Oro Valley MF
New York-based Greystone provided $18 million in HUD-insured financing for Oro Vista Apartments, a 138-unit multifamily property in Oro Valley, in Pima County. The HUD-insured Section 223(f) financing carries a 35-year term and amortization, along with a low, fixed rate.
The property at 1301 W. Lambert Ln. consists of one-, two-, and three-bedroom market rate apartments spanning 12 three-story buildings. Community amenities include a fitness room, outdoor swimming pool, playground and picnic areas.
The transaction was originated by Greystone’s Fred Levine.
“It’s comforting for our borrowers to know that with all of the uncertainty in today’s environment, HUD has remained a stable source for property investors that qualify for its long-term, low-rate financing,” said Levine.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing