NEW YORK, NY - Greystone Monticello, a bridge lending platform intended to serve as a one-stop shop provider of capital finance products and services for the multifamily and senior housing sectors, announced the closing of a $23 million bridge loan for the acquisition of a 176-unit multifamily property in Bedford, Texas. The financing was originated by Lance Wright of Greystone’s Dallas, Texas office on behalf of Rise48 Equity, with Dustin Dulin of JLL acting as correspondent on the.
Multifamily investment firm Rise48 bought the Cantebria Apartments in Bedford with plans to acquire more value-add apartment complexes in the Dallas area.