NEW YORK, NY - Greystone, a leading national commercial real estate finance company, has provided a $10.9 million HUD-insured loan to refinance a 174-unit multifamily property in Miami, Florida. The financing was originated by Eric Rosenstock, Managing Director in Greystone’s New York office, on behalf of Vizcaya Affordable Corp.
The $10,915,700 HUD-insured Section 223(f) financing carries a 35-year term and 40-year amortization, along with a low, fixed interest rate. Constructed in 1997, Vizcaya Villas Apartments consists of two, four-story, elevator buildings with one-, two-, three- and four-bedroom units. Amenities include a community room, picnic area and on-site laundry facilities. Located near the intersection of the Dolphin and Palmetto Expressways, the property offers easy access to Miami’s colleges and universities, employers, entertainment, restaurants and shopping.
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Greystone Provides $10.9 Million in HUD-Insured Financing for a Multifamily Property in Miami, .
GreystoneMarch 2, 2021 GMT
NEW YORK, March 02, 2021 (GLOBE NEWSWIRE) Greystone, a leading national commercial real estate finance company, has provided a $10.9 million HUD-insured loan to refinance a 174-unit multifamily property in Miami, Florida. The financing was originated by Eric Rosenstock, Managing Director in Greystone’s New York office, on behalf of Vizcaya Affordable Corp.
The $10,915,700 HUD-insured Section 223(f) financing carries a 35-year term and 40-year amortization, along with a low, fixed interest rate. Constructed in 1997, Vizcaya Villas Apartments consists of two, four-story, elevator buildings with one-, two-, three- and four-bedroom units. Amenities include a community room, picnic area and on-site laundry facilities. Located near the intersection of the Dolphin a