Transactions & Financings: HDG Starts Management of Two Communities; KeyBank provides $21M for affordable senior community
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Greystone Provides $16 5 Million in Fannie Mae DUS® Financing for Affordable Housing Portfolio in Tennessee
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NEW YORK, NY - Greystone, a leading national commercial real estate finance company, has provided a total of $123,047,900 in HUD-insured loans to refinance a 560-unit multifamily property portfolio in Riverside, CA. The transaction was originated by Dan Sacks and Ilan Bassali of Greystone.
The two HUD-insured Section 223(f) loans finance Colonnade at Sycamore Highlands, comprising 288 units, and Castlerock at Sycamore Highlands, comprising 272 units, with long-term, fixed rate debt. The $63.4.