{"id":13037,"date":"2024-11-21T21:04:18","date_gmt":"2024-11-22T03:04:18","guid":{"rendered":"https:\/\/1reason.com\/re\/greystone-provides-13-million-in-hud-insured-financing-for-affordable-housing-property-in-hartford-ct\/13037\/"},"modified":"2024-11-22T15:04:18","modified_gmt":"2024-11-22T21:04:18","slug":"greystone-provides-13-million-in-hud-insured-financing-for-affordable-housing-property-in-hartford-ct","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/greystone-provides-13-million-in-hud-insured-financing-for-affordable-housing-property-in-hartford-ct\/13037\/","title":{"rendered":"Greystone Provides $13 Million in HUD-Insured Financing for Affordable\u00a0Housing Property in Hartford, CT"},"content":{"rendered":"<div> The financing was originated by Eric Rosenstock, Jesse Yodice, and Daniel Daskal of Greystone.  <\/p>\n<p><strong>Tuscan Brotherhood Homes I &amp; II<\/strong> is a 170-unit rent-restricted community spread over 12 buildings and comprised of studio, one-, and two-bedroom units. Built in 1976 as affordable housing, 99% of the units today are set aside for income-qualified residents and subsidized with project-based rental assistance. The HUD-insured financing carries a 35-year term.<\/p>\n<p>\u201cHUD-insured multifamily financing is an attractive solution for affordable housing sponsors because it enables a long mortgage term and a lower interest rate than typical bank financing,\u201d said Mr. Yodice. \u201cWe are thrilled to have been recently re-affirmed as the leading HUD lender for multifamily housing*, and are truly gratified when clients return to us to help optimize their portfolio assets.\u201d<\/p>\n<p align=\"justify\"><strong>About Greystone<\/strong><br \/>Greystone is a private national commercial real estate finance company with an established reputation as a leader in multifamily and healthcare finance, having ranked as a top FHA, Fannie Mae, and Freddie Mac lender in these sectors. Loans are offered through Greystone Servicing Company LLC, Greystone Funding Company LLC and\/or other Greystone affiliates. For more information, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=tV7pxl18Vgt3kw5i3YTJUWZWn_sygCv2lMijGCd2LzIEsixjRdNk2yFM26WhdgumGmm_NKeOYvIDyHP-J1qxPZtczNkeyHprqTCJVUvxypQ=\" rel=\"nofollow noopener\" target=\"_blank\" title=\"www.greystone.com\">www.greystone.com<\/a>.<\/p>\n<p>*For HUD&#8217;s 2024 fiscal year ending September 30, 2024. Based upon combined firm commitments received by Greystone Funding Company LLC and Greystone Servicing company LLC and excludes risk sharing and hospital loans.<\/p>\n<p><strong>PRESS CONTACT:<\/strong><br \/>Karen Marotta<br \/>Greystone<br \/>212-896-9149<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=TQAyxAbIRM1mLzAhjoX7ns35CC_1UbF_qTGoXBo9FuUs9dCVA-DET5Z0o0oBdJ351nSFbqaAJfow8PY6K6Np8v-ueYLVto4NvO_QNOJ1INY=\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Karen.Marotta@greyco.com\">Karen.Marotta@greyco.com<\/a><\/p>\n<p><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" data-src=\"https:\/\/ml.globenewswire.com\/media\/ZjY3ZDJkZTUtMWY5Yi00YjkwLWI5MGEtYmNjYzExN2UxMGQyLTEwMzQ5NDg=\/tiny\/Greystone.png\"><\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<p align=\"left\">NEW YORK, Nov. 04, 2024 (GLOBE NEWSWIRE) &#8212; Greystone, a leading national commercial real estate finance company, has provided a $12,985,600 HUD-insured 207\/223(f) loan to refinance an affordable housing property in Hartford, CT.<\/p>\n<\/div>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/13037"}],"collection":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/comments?post=13037"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/13037\/revisions"}],"predecessor-version":[{"id":13053,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/13037\/revisions\/13053"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=13037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=13037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=13037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}