Greystone, a leading national commercial real estate finance company, announced it has arranged a $57 million aggregation facility to finance all homes upon completion within the 317-unit Grove Landing build-to-rent community located at 1280 Dunbar Road in Warner Robins, GA, on behalf of Parkland Communities. The transaction was sourced by Avi Kozlowski, Managing Director at Greystone, with Greystone’s Thomas Wayda, Managing Director, and Dante DiStefano, Associate, handling the debt placement.

Grove Landing, located 20 miles south of Macon in Houston County, Georgia, is currently 22% complete and is leasing quickly to new residents. The community offers cottage-style single-family home rentals available in 2, 3, and 4 bedrooms with community amenities including a pool, clubhouse, and playground. The credit facility arranged by Greystone, provided by an undisclosed lender, includes a 36-month term.

“Grove Landing is the only single-family build-to-rent community in Houston County and is already yielding positive results serving the influx of new residents filling the 4,400 new jobs coming to area,” said Jim Jacobi, President, Parkland Communities. “Greystone’s ability to source the right option for us has been invaluable to our continued success.”

“Greystone is proud to have offered our client a unique capital solution that reflects the quality of our lending partnerships in the build-to-rent space,” said Mr. Wayda. “We look forward to witnessing the borrower’s success with this project and others to come. I’d encourage other developers to reach out to our team and learn more about the products and services the debt placement team can offer.”