Multifamily lender Greystone originated $30 million in Federal Housing Administration-insured loans for two multifamily properties located in Texas and Tennessee.
The first property in Nashville, Tenn., received $22.5 million in FHA-insured loan proceeds.
Additionally, the lender provided $7.9 million to a multifamily property in Longview, Texas.
“Both the borrower and the Fort Worth, Texas Department Housing and Urban Development office pulled together to close this transaction on a tight time frame, avoiding additional costs or losses to the borrower or to the existing lender,” said Donny Rosenberg, a managing director in Greystone’s multifamily lending group.
