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Greystone Monticello Provides $36M for IN Student Housing
Greystone Monticello, a bridge lending program and provider of capital finance products, has provided a $36.3 million bridge loan for a 226-unit student housing property in Bloomington, Indiana. Greystone intends to transition the property to a permanent exit with HUD-insured green financing.
The financing was originated by Michael Zukerman and Adam Lipkin of Greystone. “Greystone clients benefit from our commitment to continuous innovation on their behalf, which is needed more than ever in today’s challenging capital markets. As a result, we were able to provide a unique and seamless non-recourse bridge-to-perm financing solution that was more advantageous over options in the market,” said Zukerman.
“The Greystone Monticello team is highly skilled and efficient — we pride ourselves on creating value for our clients on every transaction,” added Eric Baum, head of the multifamily sales desk at Greystone Monticello.
