{"id":1485,"date":"2020-12-17T14:38:32","date_gmt":"2020-12-17T20:38:32","guid":{"rendered":"https:\/\/1reason.com\/re\/greystone-provides-20-million-in-hud-insured-financing-for-affordable-housing-in-broward-county-florida\/1485\/"},"modified":"2020-12-18T08:38:32","modified_gmt":"2020-12-18T14:38:32","slug":"greystone-provides-20-million-in-hud-insured-financing-for-affordable-housing-in-broward-county-florida","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/greystone-provides-20-million-in-hud-insured-financing-for-affordable-housing-in-broward-county-florida\/1485\/","title":{"rendered":"Greystone Provides $20 Million in HUD-Insured Financing for Affordable Housing in Broward County, Florida"},"content":{"rendered":"
The transaction was originated by Eric Rosenstock, Managing Director in Greystone\u2019s New York office, on behalf of Centennial Management. <\/p>\n

The $20,000,000 HUD-insured Section 223(f) financing carries a 35-year term and amortization, along with a low, fixed rate. Constructed in 1999, Pembroke Park Apartments consists of 17 two-story garden-style apartment buildings and 244 income-restricted one-, two- and three-bedroom affordable housing units. Each apartment is equipped with modern amenities and finishes, walk-in closets, washer\/dryer hookups, and screened-in balconies and patios. Residents have access to the gated community\u2019s clubhouse and fitness center, pool, recreational facilities and on-site parking. Located in Broward County between downtown Fort Lauderdale and downtown Miami, the property offers easy access to Interstate 95 and the Florida Turnpike, as well as the Fort Lauderdale Hollywood International Airport, hospitals and medical centers, recreational facilities and shopping, and the Atlantic beaches.<\/p>\n

\u201cIt\u2019s been gratifying to help multifamily investors take advantage of the benefits HUD-insured financing provides \u2013 and Greystone is the go-to provider of FHA loans for multifamily,\u201d said Mr. Rosenstock. \u201cWe are thrilled that clients rely on us time and again to bring their portfolios to life \u2013 to us there is no greater compliment.\u201d<\/p>\n

\u201cGreystone has been a consistent and reliable partner over the years, and Eric and his team go above and beyond in terms of client service,\u201d said Mr. Lewis Swezy, principal, Centennial Management. \u201cOur new long-term, low rate financing enables us to continue to enhance this property for our residents, who deserve quality affordable housing for their families.\u201d<\/p>\n

About Greystone<\/strong>
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 www.greystone.com<\/a>.<\/p>\n

PRESS CONTACT:<\/strong>
Karen Marotta
Greystone
212-896-9149
Karen.Marotta@greyco.com<\/a><\/p>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

\n

NEW YORK, Nov. 11, 2020 (GLOBE NEWSWIRE) — Greystone, a leading national commercial real estate finance company, has provided a $20 million HUD-insured loan to refinance a 244-unit affordable housing property in Pembroke Park, Florida.<\/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\/1485"}],"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=1485"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/1485\/revisions"}],"predecessor-version":[{"id":1486,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/1485\/revisions\/1486"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=1485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=1485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=1485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}