Green-House-Apartments

Greysteel Secures Acquisition Financing for Green House Apartments in Arlington

by Haisten Willis

ARLINGTON, TEXAS — Greysteel has secured agency financing for the acquisition of the Green House Apartments, a multifamily property located in Arlington, on behalf of 2405 E. Park Row Drive LLC. The 10-year, non-recourse Fannie Mae loan was provided by an undisclosed agency lender. The loan features a fixed interest rate of 4.5 percent and an 83 percent loan-to-cost ratio. Greysteel’s Anton Mattli and John Marshall Doss negotiated the transaction. The Green House Apartments was built in 1966 and totals 40 units.

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