Greystone Provides $37M Fannie Mae Refinancing for Community in Metro Houston

PEARLAND, Texas — Greystone has provided a $37 million Fannie Mae seniors loan to refinance Watercrest at Shadow Creek Ranch, an independent living community in Pearland, a suburb of Houston.

The property was constructed in 2017 and features 222 units. The borrower was Integrated Real Estate Group and its affiliated operator, Integrated Senior Lifestyles.

Cary Tremper of Greystone structured the 10-year senior mortgage.