REBusinessOnline

Greystone Provides $29.5M in Bridge Financing for Multifamily Portfolio in Baton Rouge

Greystone & Co. Inc. has provided two loans totaling $29.5 million in bridge financing for the acquisition of four properties in Baton Rouge, La. Shown above is one of the four properties.

BATON ROUGE, LA. — Greystone & Co. Inc. has provided two bridge loans totaling $29.5 million for the acquisition of four apartment properties totaling 783 units in Baton Rouge. The first nonrecourse bridge loan totals $16.9 million, while the second totals $12.6 million. Leor Dimant of Greystone originated the short-term bridge loans on behalf of the undisclosed borrower, with plans for a permanent exit to long-term, low-rate HUD-insured financing.

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