Greystone Provides $28.2 Million Acquisition Loan for Community Near Brigham Young University-Idaho

The Northpoint Apartments complex is located near Brigham Young University-Idaho in Rexburg. (Image courtesy of northpointrexburg.com) The Northpoint Apartments complex is located near Brigham Young University-Idaho in Rexburg. (Image courtesy of northpointrexburg.com)

Rexburg, Idaho — Greystone has provided a $28.2 million Fannie Mae DUS loan for the acquisition of Northpoint Apartments, a student housing property located near Brigham Young University-Idaho in Rexburg.

Built in 2014, the 1,024-bed community offers shared amenities including a private gym, theater, music rooms and study areas. Dale Holzer of Greystone originated the loan for the undisclosed borrower. The loan carries a 10-year term, fixed rate and five years of interest-only payments.

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