Greysteel, a national commercial real estate investment services firm, has arranged the refinancing of Little Creek Apartments, a multifamily property located in Cedar Hill, TX on behalf of Little Creek Apts LLC.

The 20-year non-recourse hybrid loan with a 30-year amortization, provided by an agency lender under Freddie Mac’s Small Balance Loan program, features a fixed-rate for the first 10 years with three years of interest only, followed by a floating rate period of another 10 years. This transaction was negotiated by Greysteel’s Senior Director, Anton Mattli, and Finance Associate, John Marshall Doss, who are both based in the Company’s Dallas and Fort Worth, TX offices.

Little Creek Apartments is located at 151 Little Creek Road and totals 66 units.

“The sponsor wanted to take advantage of today’s historically low interest rates. We were able to refinance the existing loan at a significantly lower fixed interest rate for the first 10 years, followed by a capped floating rate for another 10 years,” said Mr. Mattli. “We congratulate the borrower on securing predictable loan payments for the next 20 years,” he added.

About Greysteel:

Greysteel is a commercial real estate and capital markets services firm with seven offices located in Los Angeles, CA; Washington, D.C.; Baltimore, MD; Philadelphia, PA; Dallas, TX; Fort Worth, TX; and Norfolk, VA. Greysteel serves and advises private and institutional real estate investors and developers in the marketing, sale, and financing of private capital and middle-market real estate assets. www.greysteel.com