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Miami-based real estate company buys nearly $20M of South Dakota properties

Miami-based real estate company buys nearly $20M of South Dakota properties
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Miami-based real estate company buys nearly $20M of South Dakota properties

Miami-based real estate company buys nearly $20M of South Dakota properties
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Greystone Provides $21 Million in HUD-Insured Financing for 265-Unit LaCrosse Estates Apartment Community in South Dakota

NEW YORK, NY - Greystone, a leading national commercial real estate finance company, has provided $20,740,000 in HUD 223(f) financing for the acquisition of a 265-unit multifamily property in Rapid City, South Dakota. The financing was originated by Richard Kourbage, Managing Director at Greystone, on behalf of Tzadik Properties, LLC.
The $20.74 million HUD-Insured loan carries a 35-year term and 30-year amortization along with a low, fixed rate.
LaCrosse Estates Apartments is a 265-unit workforce housing community offering one-, two-, and three-bedroom units. The property features amenities such as an indoor and outdoor pool, basketball court, fire pits, exercise room, and spa. ....

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Greystone Provides $21 Million in HUD-Insured Financing for

Greystone Provides $21 Million in HUD-Insured Financing for Multifamily Property in South Dakota
May 25, 2021 12:36 ET
| Source:
Greystone
Greystone
New York, New York, UNITED STATES
NEW YORK, May 25, 2021 (GLOBE NEWSWIRE) Greystone, a leading national commercial real estate finance company, has provided $20,740,000 in HUD 223(f) financing for the acquisition of a 265-unit multifamily property in Rapid City, South Dakota. The financing was originated by Richard Kourbage, Managing Director at Greystone, on behalf of Tzadik Properties, LLC.
The $20.74 million HUD-Insured loan carries a 35-year term and 30-year amortization along with a low, fixed rate.
LaCrosse Estates Apartments is a 265-unit workforce housing community offering one-, two-, and three-bedroom units. The property features amenities such as an indoor and outdoor pool, basketball court, fire pits, exercise room, and spa. ....

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Greystone Provides $21 Million in HUD-Insured Financing for Multifamily Property in South Dakota

Greystone Provides $21 Million in HUD-Insured Financing for Multifamily Property in South Dakota
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