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AMCAL Secures $49 Million in Construction Financing for Katy, TX Project

Artist's rendering of Katy apartments club house

AMCAL Equities, LLC, has landed $49 million in construction financing for the development of Katy Apartments, a multifamily community located in Katy, Texas.

Greystone provided the loan under HUD’s 221 (d) (4) program. Shana Daby, a managing director at Greystone, originated the debt, structured as a non-recourse, fixed-rate construction loan that converts to a 40-year, fully-amortizing permanent loan when the property stabilizes and finances roughly 85 percent of the total project costs. 

The article originally appeared in the Commercial Observer. Visit that news website to read more of the article.

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The Grad San Jose Ranks #8 on List of Top Construction Projects

Silicon Valley Business Journal Top 8 Construction Projects list

The Grad San Jose was recently ranked the #8 largest construction project by size in San Jose by the Silicon Valley Business Journal. The Grad San Jose is AMCAL Equities, LLC’s newest student housing project near San Jose State University (SJSU).

This article originally appeared in the Silicon Valley Business Journal. Visit that website to read more of the article.