Greysteel Arranges Agency Financing For The Refinance Of The Amigos Del Sol Multifamily Property In El Paso, TX

7/18/16

John Marshall Doss

Greysteel, a national commercial real estate investment services firm, has arranged agency financing for the refinance of the Amigos Del Sol, a multifamily property located in El Paso, TX on behalf of Rush Mountain LP.

The seven-year, non-recourse loan was provided by an agency lender under the Freddie Mac Small Balance Loan program. This transaction was negotiated by Greysteel Senior Director, Anton Mattli, and Finance Associate, John Marshall Doss, who are both based in the Company’s Dallas-Fort Worth, TX office.

Amigos Del Sol, located at 10009 Rushing Road, was constructed in 1973 and totals 52 units. The property’s superior location in the North El Paso neighborhood of Rushfair provides residents with easy access to Downtown El Paso via Highway 54. El Paso’s Sun Metro Rushfair Center bus stop is also directly across the street from the property servicing bus routes 40, 45, and 46.

Within a half-mile of the property are six major city parks including Skyline Optimist Youth Park, Sue Young Park, Arlington Park, Veteran’s Park, Franklin Park, and Milagro Park, for residents interested in walkable recreation spots. Residents have access to numerous retailers and restaurants within walking distance of the property.

“We were able to close an attractive agency loan for the owner in only 36 days, from application to close,” said Mr. Doss. “The owner is looking to make property improvements to increase cash flow while maintaining the asset for the duration of the loan,” 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; and Fort Worth, TX. 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

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