FRANKLIN, TN—The ownership of the Viera Cool Springs Apartments complex here has secured a $40.4-million HUD loan to refinance its mortgage debt.
New York City-based Greystone, a national provider of multifamily and healthcare mortgage loans, provided the financing. Greystone's Donny Rosenberg originated the transaction.
The FHA financing was structured as a non-recourse 35-year fully amortizing HUD 223(f) loan. Viera Cool Springs Apartments, a 468-unit market-rate townhome community, was built in 1987 and is located in the Cool Springs submarket within Nashville, equidistant from Memphis and Knoxville.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
