Greysteel, a national commercial real estate investment services firm, has arranged permanent financing for the refinance of El Rancho Escondido, a multifamily property located in Fort Worth, TX on behalf of a local investor.

The 10-year, non-recourse loan, provided by an agency lender, features a fixed-rate and two years of interest-only payments. This transaction was negotiated by Greysteel Senior Director, Anton Mattli, and Finance Associates, John Marshall Doss and Zach Ghormley, who are all based in the Company’s Dallas and Fort Worth, TX offices.

El Rancho Escondido, built in 1967, totals 152 units and is located at 2840 Las Vegas Trail in Fort Worth, TX.

“The borrower has done an outstanding job improving the property’s performance, allowing the borrower to fully cash-out their initial investment and capital expenditures after just 1.5 years of ownership,” said Mr. Mattli. “Greysteel was able to negotiate a non-recourse, 10-year loan at 4.30% with two years of interest only and no escrow requirements,” 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