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Greystone Provides $19M to Refinance MF Portfolio in East Texas

Greystone provided roughly $19 million in loans to refinance three multifamily properties comprising 452 units across East Texas. The transactions were originated on behalf of Amesbury Companies.

The first 35-year, $5,677,700 permanent FHA-insured loan features a fixed, low interest rate for the 124-unit Glen Hollow Apartments in Kilgore, TX.

The second 35-year, fixed rate $5,200,000 FHA-insured loan was for the 120-unit Stone Creek Apartments in Nacogdoches, TX.

The third loan was a $8,080,000 Fannie Mae loan with a 10-year term and a low, fixed 30-year amortization for the 208-unit Sunridge Apartments, also in Nacogdoches.

Greystone’s Nikhil Kanodia notes, they originally provided bridge loans to the borrower to purchase each of the properties in 2015. The permanent loans enable the borrower to refinance out of the bridge loans, and to continue making capital improvements to each property.


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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Financing
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