Greystone Bassuk Arranges $36.5 Million in Permanent Financing for Grubb Properties’ Latest Atlanta Project

NEW YORK, NY - Greystone Bassuk, a leading New York-based real estate finance advisory firm, today announced the closing of a $36.5 million construction-to-permanent loan made to an affiliate of Grubb Properties, Inc. (“Grubb Properties”).

The loan is a 20-year, fixed-rate construction-to-permanent mortgage originated by Aegon Real Assets US  (“Aegon RA”) through their correspondent, Bellwether Enterprise, to finance the development of Link Apartments® Grant Park, a 5-story, 246-unit luxury multifamily rental apartment project located at 750 Kalb Street SE in the Grant Park neighborhood of Atlanta, GA. Link Apartments® Grant Park will consist of a Class A apartment building wrapping a 265-space parking deck plus a 3-story townhouse building with individual parking garages situated adjacent to the main structure. The Project will include a comprehensive suite of amenities including a resident clubhouse, game room, fitness center, yoga center, outdoor terrace, and pedestrian esplanade.

Greystone Bassuk, headed by President Drew Fletcher, served as exclusive advisor on behalf of Grubb Properties. Executive Managing Director Paul Fried and Vice President Matthew Hirsch led the Greystone Bassuk team on the transaction.

“Grubb Properties is one of the premier developers in the Southeast, combining creativity and forward-thinking design with decades of construction and management expertise,” said Mr. Fletcher. “Link Apartments® Grant Park is the most recent example of Grubb Properties’ commitment to delivering high-quality, multifamily housing in targeted urban markets throughout the Southeast. We are extremely proud to have represented Grubb Properties on this transaction and contributed to the continued development of the Link Apartments® brand.”

“Grubb Properties is excited to have worked with Greystone Bassuk and Aegon RA on this transaction,” said Henry Lomax, Chief Financial Officer of Grubb Properties. “We have deepened our relationship with Greystone and their team has delivered an execution that far surpassed our expectations. The loan required drive, effort, and careful coordination with all parties, and it is the first of many transactions we hope to complete with Aegon RA.”

About Greystone Bassuk: Greystone Bassuk is a real estate capital intermediary and advisory firm serving a select group of the most prominent real estate owners and developers in New York City and across the U.S. Greystone Bassuk is an affiliate of Greystone, a leading national provider of commercial real estate loans and financial services, including Agency, bridge, and mezzanine loans as well as equity financing solutions.

About Greystone: Greystone is a leading commercial real estate lending, investment and advisory company with an established reputation as a leader in multifamily and healthcare finance. Its range of services includes commercial lending across a variety of platforms such as Fannie Mae, Freddie Mac, CMBS, FHA, USDA, bridge, EB-5 and other proprietary loan products. Loans are offered through Greystone Servicing Corporation, Inc., Greystone Funding Corporation and/or other Greystone affiliates. All securities sold through Greystone Broker Dealer Corp., member FINRA and SIPC. For more information, visit

About Grubb Properties, Inc. Grubb Properties, founded in 1963, creates exceptional real estate environments and provides premier customer service for our residents and tenants through the repositioning of office buildings and the development of multifamily communities under our nationally registered Link Apartments® brand. Our fully integrated management team identifies strategies that create long-term value for our clients. Grubb Properties’ growth is primarily funded through real estate investment funds with long-term horizons. People who care. Places that matter. For more information, visit

About Aegon Real Assets US: Aegon Real Assets US is the primary real assets investment center in the US for Aegon Asset Management, a leading global investment manager with $361 billion (as of December 31, 2018) in assets under management/advisement. With over 30 years of experience, Aegon RA provides yield-oriented private debt and equity strategies and specialty solutions for its institutional nonaffiliated clients and insurance company affiliates including tax credit equity, energy private equity, real estate private equity, commercial mortgage loans, and mortgage loan servicing and special servicing. For more information, visit

About Bellwether Enterprise: Bellwether Enterprise provides flexible financing solutions for clients covering the entire spectrum of commercial and multifamily real estate. Bellwether Enterprise is a national, full-service commercial and multifamily mortgage banking company. As a subsidiary of Enterprise Community Investment, Bellwether Enterprise has production offices across the country and an integrated servicing platform based in Cleveland. With local market expertise, national lending relationships and financing structure experience, Bellwether Enterprise provides competitive, creative solutions to complex financing needs. Bellwether Enterprise has a wide variety of lending resources, including life insurance companies, pension funds, commercial banks and CMBS lenders and is a Fannie Mae Delegated Underwriting and Servicing (DUS®) lender, Freddie Mac Multifamily Licensed Seller / Servicer for Conventional and Targeted Affordable Housing Loans, Federal Housing Administration (FHA) approved Multifamily Accelerated Processing (MAP) lender and U.S. Department of Agriculture (USDA) Section 538 Rural Development lender.

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