Greysteel, a national commercial real estate investment services firm, has arranged the acquisition financing of Lancaster Cornwall Apartments, a 265-unit multifamily property in Beaumont, Texas. 

Greysteel Senior Director, Anton Mattli of the firm’s Dallas-Fort Worth office, secured the 10-year, nonrecourse GSE acquisition financing on behalf of a Texas-based investor. 

Lancaster Cornwall Apartments is located at 6550 Phelan Boulevard, Beaumont Texas. The Property was built in 1967 and features a diverse unit mix of one-, two-, three, and four-bedroom units with an average unit size of 850 SF. Property amenities include two pools, clubhouse, fitness center, large courtyard, picnic areas, 24-hour maintenance with on-side management and privacy fence. 

Situated in the City of Beaumont, Lancaster Cornwall is located on the Northwest Corner of Dowlen Road and Phelan Boulevard just minutes from many lifestyle amenities. The Property is just a short 10- minute drive to Downtown Beaumont and is only 30 files from Port Arthur providing residents easy access to major employers in the area including Lamar University and ExxonMobil Corporation.

About Greysteel:

Greysteel is a commercial real estate and capital markets services firm with 11 offices located in New York, NY; Los Angeles, CA; Dallas, TX; Fort Worth, TX; Washington, D.C.; Philadelphia, PA; Phoenix, AZ; Denver, CO; Baltimore, MD and Norfolk, VA. Greysteel serves and advises private and institutional real estate investors and developers in the marketing, sale, and financing of private capital and middlemarket real estate assets. www.greysteel.com