Greystone Provides HUD/FHA Loan for Central NJ Multifamily
Greystone has provided a $47,250,000 HUD/FHA-insured loan for The View at Middlesex, a 200-unit multifamily community in Middlesex, NJ. The financing was originated by John Williams, Drew Fletcher and Bryan Grover.
The property was developed by Forte Real Estate Development, a vertically integrated real estate development, investment management, and operations firm. Since 2006, Forte has developed more than 2,000 multifamily units and is among the most active developers in Central New Jersey. The firm specializes in the acquisition, repositioning and development of medium- and large-scale residential properties throughout the state.
“The View at Middlesex is a high-quality multifamily asset developed by one of Central New Jersey’s most active and experienced multifamily developers,” said Williams. “HUD-insured financing remains an attractive solution for sponsors seeking long-term, fixed-rate debt, and we were pleased to work alongside Forte Real Estate Development to deliver a financing structure that supports the property’s long-term success.”
Other News
Embrey, Southstar Close on $71M Construction Loan for Nashville-Area Apartment Project
PCCP provided a $71 million senior construction loan to a joint venture between EMBREY Partners and Southstar Development for the development of Crossings Boulevard, a 360-unit apartment community located at 4101 Legacy Point Trail in Spring Hill, TN. Completion of the project is anticipated for Q1 2028. Spring Hill is about a half hour from...
Learn more
Investor Duo Acquires Two Tennessee LIHTC Apartment Assets
Western Wealth Capital (WWC) acquired two Tennessee apartment communities; the River City North Apartment Homes in Chattanooga, Tennessee, and Meadow Creek Apartment Homes in Goodlettsville, Tennessee, just north of Nashville. WWC and its investment partner, FSO Capital Partners (FSO), closed on the 192-unit portfolio for a purchase price of $20.7 million. The transaction was brokered...
Learn more
Construction Underway on 325-Unit Apopka Rental Community
An affiliate of Hathaway Development has started work on The Exchange at Wyle Oaks, a 325-unit apartment community is Apopka, near Orlando. The project is one of the first at the 215-acre Wyld Oak mixed-use project. Financing for the approximately $71 million development includes a $47 million construction loan from Ameris Bank and $22 million...
Learn more
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout