Greysteel, a national commercial real estate investment services firm, has arranged bridge financing for the refinance of The Trails Apartments, a multifamily property located in Dallas, TX on behalf of 4335 Cedar Springs, LLC.

The 12-month interest-only line of credit, provided by a local lender, features a floating-rate of 325 basis points over the 30-day LIBOR rate. 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 and Fort Worth, TX offices.

The Trails Apartments, located at 4335 Cedar Springs Road, was built in 1966 and totals 20 units. The Property is located along the high traffic thoroughfare of Cedar Springs Road in the Oaklawn neighborhood of Dallas, TX. The Property features a pool area, gated parking, and townhome style units with private patios.

“Owner purchased the property with the intention of completing extensive interior and exterior renovations,” said Mr. Doss. “We were able to secure a 12-month interest-only line of credit in order to complete renovations and increase rents to market levels,” 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