April 25, 2017 6:17 PM ET

Real Estate Management and Development

Company Overview of PAC Retreat At Greystone, LLC

Company Overview

PAC Retreat At Greystone, LLC owns and operates a 312-unit multifamily community. The company is based in the United States.

, DE 

United States

Key Executives for PAC Retreat At Greystone, LLC

PAC Retreat At Greystone, LLC does not have any Key Executives recorded.

PAC Retreat At Greystone, LLC Key Developments

PAC Retreat At Greystone, LLC Enters into a Credit Agreement with Federal Home Loan Mortgage Corporation

On March 24, 2017, Preferred Apartment Communities Inc. (the ‘Company’), as sponsor, and PAC Retreat At Greystone, LLC, an indirect subsidiary of the Company, as borrower, entered into a Credit Agreement (the ‘Acquisition Credit Agreement’) with Federal Home Loan Mortgage Corporation (‘Lender’) in connection with a $200 million acquisition revolving credit facility (the ‘Acquisition Facility’). In connection with entering into the Acquisition Credit Agreement, Borrower received an advance of $35,210,000 (the ‘Acquisition Borrowing’) and paid an addition fee of $35,210 to Lender and an addition fee of $105,630 to KeyBank National Association, as servicer. In connection with the Acquisition Borrowing, the Company's manager, Preferred Apartment Advisors, LLC, is entitled to a loan coordination fee of approximately $563,360, or 1.6% of the Acquisition Borrowing.

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