July 19, 2024

Barcelona on Chisholm Trail is a 17-building multifamily community spanning over 10 acres, built in 1982. Greystone arranged the deal, which includes $3.35M of pref equity and $19.5M in bridge financing provided by a debt fund. The major hurdles were the fact that this was replacing a current bridge loan with a new bridge loan, which means you are making a loan to the same sponsor on deal that needs more time to execute the business plan. More