REBusinessOnline

Greystone Bassuk Arranges $36.5M Loan for Apartment Development in Atlanta’s Grant Park

ATLANTA — Greystone Bassuk has arranged a $36.5 million construction-to-permanent loan on behalf of an affiliate of Grubb Properties Inc. for Link Apartments Grant Park in Atlanta. Aegon Real Assets US, through its correspondent Bellwether Enterprise, provided the 20-year, fixed-rate loan. Located at 750 Kalb St. S.E. in Atlanta’s Grant Park neighborhood, the five-story, 246-unit community will offer amenities such as a clubhouse, game room, fitness center, yoga center, outdoor terrace, 265-space parking deck and a pedestrian esplanade. Matthew Hirsch and Paul Fried led the Greystone Bassuk team in arranging the loan transaction. Greystone Bassuk is a joint venture formed in 2012 between Greystone and The Bassuk Organization, an investment banking service in in New York Tri-State area.

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