Greystone, a leading national commercial real estate finance company, has provided a $49,032,200 HUD-insured loan for the acquisition of a 312-unit multifamily property in Houston, TX. The transaction was originated by Shana Daby of Greystone on behalf of Olive Tree. The non-recourse, fixed-rate, 35-year loan for The Life at Westpark.
SPRINGDALE, AR - Funding has been secured to acquire and begin the renovation of The Life at Elwood Grove (formerly known as Springdale Ridge Apartments,) a 192-unit affordable multifamily apartment community in Springdale, Arkansas. The 16-building garden style project is being rehabilitated by Olive Tree Holdings. Life at Elwood Grove is Olive Tree s 40th multifamily acquisition. This is Olive Tree s fourth partnership with American South Real Estate Fund (ASREF) I and II, managed American.
New York-based Olive Tree Holdings has purchased and is renovating a nearly 200-unit Springdale apartment complex for a new project aimed at low-income tenants.