Greystone Closes Refi on McKinney BTR Community

Greystone Closes Refi on McKinney BTR Community
News| September 15, 2025| Mike Boyd
Texas + Apartment Buildings

Greystone provided a $19.7 million Fannie Mae DUS loan to refinance Legacy on Rockhill, a newly constructed 128-unit build-to-rent community in McKinney, Texas. John Sloot, Greystone’s Managing Director, originated the transaction on behalf of Legacy Builders. 

Built in 2023 and situated on a 13.21-acre site, Legacy on Rockhill consists of one-, two-, and three-bedroom single-family and duplex rental homes with modern finishes and private backyards. Property amenities include a pool, fitness center, dog park, bocce ball court, and gated access. As of July 2025, the community was 93.75% leased. 

“This financing reflects Greystone’s ability to structure efficient capital solutions for sponsors delivering high-quality rental housing in key growth markets,” said Mr. Sloot. “The Legacy on Rockhill community is well-positioned for long-term performance in the dynamic North Dallas region.”

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