Dealmaker: Greystone Provides $20M to Refinance Texas BTR Community

(Image courtesy of Greystone)

Greystone, New York, has provided a $19.76 million Fannie Mae DUS loan to refinance a newly constructed build-to-rent community in McKinney, Texas.

The transaction was originated by John Sloot, managing director at Greystone.

The BTR community, called Legacy on Rockhill, was built in 2023 on a 13.21-acre site with a number of amenities including a pool, fitness center, dog park and bocce ball court.

It was 93.75% leased as of July.

“This financing reflects Greystone’s ability to structure efficient capital solutions for sponsors delivering high-quality rental housing in key growth markets,” said Sloot. “The Legacy on Rockhill community is well-positioned for long-term performance in the dynamic North Dallas region.”