Greystone closes $20.5 million CMBS multifamily loan
Greystone, a provider of multifamily mortgages, closed a $20.15 million commercial mortgage-back security loan for The Place at Greenway property in Houston, Texas, the company said in a press release.
“CMBS is increasingly an attractive lending option for multifamily real estate borrowers seeking alternatives to traditional agency loans. The comparative ease of execution and flexible structures benefits borrowers at a time when the rate environment is more volatile,” said Rob Russell, head of CMBS production at Greystone. “Greystone’s financial experts will continue to navigate today’s unpredictable market and develop financing options that best meet our clients’ needs.”