Commercial Observer Greystone has originated a $24 million loan, under the Department of Housing and Urban Development's 223(a)(7) program, against the 190-unit Tapestry Park Apartments in Chesapeake, Va. The 40-year loan allowed the property's owner, Baron Realty Advisors, to refinance ...
91.9 percent occupied.
The sales results in a $51.1 million loss to the $59.9 million CMBS loan against the 760,420-square-foot shopping center. The property last was appraised at a value of $29.5 million in 2016, several months after it had been taken through ...
87 percent leased.
The properties acquired are Greenbrier Corporate Center, which consists of two buildings with 229,163 sf that are 96 percent leased, and Greenbrier Technology Center 1, a 95,843-sf building, which is 88 percent leased.
Property is 94 percent leased to 8 tenants