Back to News
Feb 10, 2026 12:02 PM

Greystone Finances Bayshore's $110 million Acquisition of Large Suburban Illinois Purchase

NEW YORK, Feb. 10, 2026 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, has provided a $89,226,000 first loan and $5,577,000 second loan to finance the acquisition of Crest Hill apartments, a multifamily property in Crest Hill, Illinois. The financing was originated by Eric Rosenstock, Senior Managing Director at Greystone, on behalf of Bayshore Properties, a long-time client.

The financing includes a $89,226,000 non-recourse, fixed-rate Fannie Mae loan with a 10-year term and 30-year amortization, as well as five years of interest-only payments. The second loan is a non-recourse, fixed-rate DUS Lender Affiliate (DLA) mezzanine loan for $5,577,000 ...