Greysteel, a national commercial real estate investment services firm, has arranged agency financing for the refinance of the Homes of Persimmon, a multifamily property located in Dallas, TX on behalf of KRR Construction Ltd.

The 35-year non-recourse loan, provided by a national agency lender, features a fixed-rate of 3.83%, an 80% loan-to-value ratio, and is self-liquidating. This transaction was negotiated by Greysteel Senior Director, Anton Mattli, and Finance Associate, John Marshall Doss, who are both based in the Company’s Dallas-Fort Worth, TX office.

The Homes of Persimmon, located at 3245 Simpson Stuart Road in Dallas, TX, was built in 2000 and totals 180 units. Property amenities include a fitness center, swimming pool, laundry facilities, and an attached parking garage.

“Borrower was seeking to refinance their existing asset with a more attractive loan, as well as obtain additional proceeds for planned property improvements", said Mr. Mattli. "We were able to meet our client’s needs by securing a 35-year self-amortizing FHA/HUD loan with a highly competitive interest rate," he added.

About Greysteel:

Greysteel is a commercial real estate and capital markets services firm with seven offices located in Los Angeles, CA; Washington, D.C.; Baltimore, MD; Philadelphia, PA; Dallas, TX; and Fort Worth, TX. Greysteel serves and advises private and institutional real estate investors and developers in the marketing, sale, and financing of private capital and middle-market real estate assets.