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NEW YORK, NY - Greystone Brown Real Estate Advisors announced it has closed the $31.7 million sale of a 257-unit affordable housing property in Marietta, Georgia. Greystone Brown represented buyer, Fillmore Capital Partners, with the seller of the property, Olive Tree Holdings, being a previous client of the firm’s. The transaction was handled by Taylor Brown, Chandler Brown, Cory Caroline Sams, Barden Brown, and Bo Brown of Greystone Brown Real Estate Advisors. The Life at Windy Hill comprises one-, two-, and three-bedroom apartments averaging 1,379 square feet. The complex is currently a low-income housing tax credit (LIHTC) property and 40% of the units are restricted by income. Residents of the community enjoy amenities such as a clubhouse and fitness and business center, laundry facility, as well as outdoor recreational facilities such as a swimming pool and soccer field. The property is conveniently located in the submarket of Cobb County and is just 30 minutes from Do ....
NEW YORK, NY - Greystone, a leading national commercial real estate finance company, has provided $43.8 million in Freddie Mac financing for the acquisition of a multifamily portfolio totaling 885 units in Georgia’s Metro Atlanta region. The loans were originated by Greystone’s Keith Hires and Carter King of Greystone’s Atlanta office, on behalf of Fillmore Capital Partners. The two separate Freddie Mac conventional loans each carry a 10-year term with a fixed interest rate and a 30-year amortization, with interest-only payments for the first 10 years. Located in Atlanta and Athens, the properties and financing include: $22,500,000 for the acquisition of Gardens at Camp Creek, a garden style apartment community in Atlanta with 385 one-, two- and three-bedroom units. Constructed in 1971, the property features on-site parking, laundry facilities, a business center, fitness center and community gardens. ....