
Greystone Provides $26.7M in Fannie Mae Financing for GA Multifamily Acquisition
Greystone has provided a $26.7 million Fannie Mae loan for the acquisition of a 250-unit multifamily property in Hampton, GA. The financing includes a seven-year term at a fixed rate. Managing Director Richard Kourbage originated the financing for Atlanta-based Inspired Real Estate Partners.
Lakeside Villas Apartment Homes, constructed in 2002 on 23 acres, consists of 13 three-story residential buildings. It has one-, two-, and three-bedroom units with amenities including clubhouse, fitness center, business center, pool, grill stations, playground, dog park, car care area, and covered parking.
“Lakeside Villas represents our first acquisition since getting started in March 2023. Having owned the asset before, we are very familiar with the property and the submarket. Lakeside Villas fits our business plan of buying well built, suburban multifamily properties in the Sunbelt, with modern floor plans, oversized units, direct access garages and a full amenity set,: said IREP Co-Founder Brooks Castellaw.
- ◦Sale/Acquisition
- ◦Financing