Greystone Provides $15.4 Million for Three-Property Portfolio in North Texas

by Channing Hamilton

SHERMAN AND DENISON, TEXAS — Greystone has provided $15.4 million in bridge-to-agency financing for a portfolio of three properties in North Texas. Lance Wright of Greystone originated the financing on behalf of the borrower, an undisclosed Texas-based family office. Duke Stone of Churchill Capital acted as correspondent on the deal. The interest-only loan carries a two-year term with two six-month extension options. One of the assets is located in Sherman, 65 miles north of Dallas. The other two are in Denison, 75 miles north of Dallas. All three properties were built in the 1960s or 1970s.

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