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BURLESON, TEXAS — Greystone has provided a $74.6 million Fannie Mae agency loan for the refinancing of Shannon Creek Apartments, a 672-unit asset in Burleson, approximately 16 miles south of Fort Worth. Avi Kozlowski of Greystone originated the nonrecourse, fixed-rate loan, which carries a five-year term, a 30-year amortization schedule and full-term interest-only payments. The borrower was not disclosed.
Shannon Creek Apartments was completed in 2023. The property comprises 24 buildings. Units come in one- and two-bedroom floor plans. Community amenities include a pool, fitness center, business center, game/media room, clubhouse, outdoor grilling and dining stations, sports court and a dog park.