Greystone Provides $46 Million Bridge Financing For PA MF Complex
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Riverview Landing at Valley Forge, Eagleville, PA
EAGLEVILLE, PA—New York-based Greystone is providing $46 million in bridge financing to Liss Property Group for the acquisition of Riverview Landing at Valley Forge in Eagleville, PA. The loan was originated by Nathan Schuss of Greystone.
“For us, the size of the transaction is a key draw, where you’re looking at a loan that’s in the $40-50 million range, and you’ve got A-minus collateral in the western suburbs of Philadelphia, that was the attractive part,” Steven Germano, managing director in Greystone’s bridge finance group, tells GlobeSt.com exclusively. “We had been talking to some relationships in that market and found good in-market sponsorship in Liss Property Group. They’ve got focused management, very familiar with the marketplace and a fairly simple strategy for the execution of the bridge to the HUD takeout.”…
Greystone Provides $46 Million Bridge Financing For PA MF Complex
