Financial services firm Greystone Capital Advisors has secured a $103,000,000 bridge loan for Vantage Communities Inc. to refinance a three-property residential portfolio in Central Texas.

The debt facility covers 864 Class A apartments situated in growing submarkets across the Austin and San Antonio metropolitan areas. Greystone Housing Impact Investors LP serves as the investor member within the three limited liability entities that hold title to the real estate assets.

The financing team at Greystone Capital Advisors included Drew Fletcher, Bryan Grover, Jesse Kopecky and Cameron Behr. Benefit Street Partners supplied the bridge loan facility.

Issued as a floating-rate, interest-only structure, the loan carries an initial three-year duration with options to extend maturity. The cross-collateralised debt replaces existing liabilities on the newly built residential developments.

The portfolio comprises three low-rise communities, each containing 288 units. The sites include Vantage at Hutto in Hutto, completed in 2023, and Vantage at McKinney Falls in Austin, completed in 2024. The third property, Vantage at Fair Oaks in Boerne, finished construction in 2023.

All three developments feature institutional-grade facilities, such as resident clubhouses, fitness centers, resort-style swimming pools and contemporary apartment interiors.

“We were pleased to structure a financing solution that met our clients’ objectives while leveraging the strength of this high-quality, recently delivered portfolio,” said Drew Fletcher, President of Greystone Capital Advisors. “Benefit Street Partners recognized the quality of the sponsorship, the assets, and the long-term fundamentals supporting these dynamic Central Texas markets. This bridge execution provides the flexibility needed as the portfolio continues its path toward full stabilization.”