Greystone, a leading national commercial real estate finance company, announced it has arranged a $14 million debt placement for the refinancing of a newly-constructed build-to-rent community in Tucson, Arizona. The transaction was sourced by Shana Daby, Managing Director and Rebecca Reich, Associate, at Greystone, with Greystone’s Thomas Wayda, Managing Director, and Dante DiStefano, Associate, handling the debt placement.

Linda Vista Luxury Rentals is a 64-unit build-to-rent community completed in 2024 currently in active lease-up. The mountain view property offers residents amenities including a pool and spa/hot tub. The financing arranged by Greystone was provided by an undisclosed lender and includes a 36-month term.

“Greystone’s debt placement team strives to help borrowers navigate the current capital markets and source the best solution for whatever financing needs they may have. We have fostered competitive lending partnerships which have proven to be an invaluable resource for our clients. The BTR space is an asset class that we continue to find this success,” said Mr. Wayda.

Ms. Daby added, “We are so thrilled to have helped our client refinance this quality asset, which is providing much-needed housing options in the Tucson market.”