Greystone Provides Financing for $110M Multifamily Acquisition in Suburban Chicago

Greystone Provides Financing for $110M Multifamily Acquisition in Suburban Chicago

CREST HILL, ILL. — Greystone has provided an $89.2 million first loan and a $5.6 million second loan to finance the acquisition of Woodlands of Crest Hill, a 730-unit multifamily property in Crest Hill. Eric Rosenstock of Greystone originated the loan on behalf of the buyer, Bayshore Properties. The financing includes an $89.2 million nonrecourse, fixed-rate Fannie Mae loan with a 10-year term and 30-year amortization as well as five years of in…

Greystone Finances Bayshore’s $110M Acquisition of Suburban IL Apartments

Greystone has provided a $89.226 million first loan and $5.57 million second loan to finance the acquisition of Crest Hill apartments, a multifamily property in Crest Hill, Illinois. The financing was originated by Eric Rosenstock, Senior Managing Director at Greystone, on behalf of Bayshore Properties. Indiana-based Bayshore Properties paid $110 million for the complex.The financing from Greystone includes a $89.226 million non-recourse, fixed-…