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| Belmere Luxury Apartments, Houma, Louisiana |
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| Betsy Vartanian |
Nathan Schuss, originator in Greystone’s New York
office, worked to close the loan.
The refinancing was
structured as a 40-year fully amortizing HUD 223(a)7 loan. Belmere Luxury
Apartments, located approximately 60 miles southwest of New Orleans, is a
gated, limited access multifamily rental community comprising 249 units.
The
complex features amenities such as a resort-style pool, jacuzzi, fitness
center, jogging trail, BBQ area and dog park.
“Securing this
refinancing through Greystone enables us to maintain a long-lasting presence
for Belmere as a premier luxury apartment community in the suburban New Orleans
region,” said Robert M. Aiello, the borrower of record in partnership
with Ronald V. Turner.
“Greystone was
delighted to facilitate a refinancing of this project in Louisiana, an area
that is still experiencing recovery and revitalization today,” said Betsy
Vartanian, head of FHA lending at Greystone.
“The interest rate savings
will undoubtedly benefit the project and, indirectly, its tenants. This is a
fantastic property and we are comforted to know that it will thrive for many
years to come.”
Greystone was the
number one FHA lender in 2012 and is ranked as a top-10 Fannie Mae lender. For
more information about Greystone’s multifamily financing solutions please visit
http://www.greyco.com/multifamily.
For a complete
copy of the company’s news release, please contact:
Karen Marotta
PR Manager
Greystone
152 W. 57th Street
New York, NY 10019
212-896-9149 direct
917-902-7073 mobile
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