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Amesbury Refinances 452-Unit Multifamily Portfolio in East Texas

Stone-Creek-Apartments-Nacogdoches-Texas

Stone Creek Apartments in Nacogdoches, one of three apartments in Amesbury's East Texas portfolio, totals 120 units.

KILGORE AND NACOGDOCHES, TEXAS — Amesbury Cos., a Louisiana-based development and investment firm, has refinanced a portfolio of three multifamily properties totaling 452 units in East Texas. The properties include the 124-unit Glen Hollow Apartments in Kilgore; and the 120-unit Stone Creek Apartments and the 208-unit Sunridge Apartments in Nacogdoches. All properties feature pools and community rooms. New York-based Greystone provided the FHA and Fannie Mae loans, which total approximately $19 million, to Amesbury.

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