{"id":17099,"date":"2026-01-07T21:55:02","date_gmt":"2026-01-08T03:55:02","guid":{"rendered":"https:\/\/1reason.com\/re\/greystone-provides-97-6-million-in-hud-insured-financing-for-affordable-housing-community-in-east-harlem-new-york\/17099\/"},"modified":"2026-01-08T15:55:02","modified_gmt":"2026-01-08T21:55:02","slug":"greystone-provides-97-6-million-in-hud-insured-financing-for-affordable-housing-community-in-east-harlem-new-york","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/greystone-provides-97-6-million-in-hud-insured-financing-for-affordable-housing-community-in-east-harlem-new-york\/17099\/","title":{"rendered":"Greystone Provides $97.6 Million in HUD-Insured Financing for Affordable Housing Community in East Harlem, New York"},"content":{"rendered":"
The financing was originated by Senior Managing Director Eric Rosenstock and Executive Vice President Jeff Englund of Greystone, on behalf of Metropolitan Realty Group. <\/p>\n

Built in 1910, Villa Hermosa Apartments in New York County<\/strong> consists of three mid-rise, elevator buildings with one-, two- and three-bedroom units, which are income-restricted to 50% Area Median Income (AMI) for residents and supported by long-term Section 8 project-based rental assistance. The $97.6 million HUD-insured Section 223(f) non-recourse financing features a 35-year term and amortization, along with a low, fixed rate. In addition to refinancing, loan proceeds will be used to complete substantial in-unit renovations and building improvements. The property is covered by a new 20-year HAP contract that was executed in conjunction with the approval of a Mark-Up-to-Market. <\/p>\n

\u201cThis financing preserves an important affordable asset in one of Manhattan\u2019s most supply-constrained neighborhoods,\u201d said Eric Rosenstock, Senior Managing Director at Greystone. \u201cOur HUD execution allowed us to structure long-term, stable financing that supports the sponsor\u2019s mission of maintaining high-quality affordable housing while investing meaningfully into the property\u2019s future.\u201d<\/p>\n

\u201cOur commitment to Villa Hermosa spans decades, and this refinancing ensures we can continue delivering safe, dignified, and modern housing for the families who call this community home,\u201d said Scott Jaffee, CEO of Metropolitan Realty Group. \u201cGreystone\u2019s expertise navigating the HUD process enabled us to secure exceptional long-term financing while also investing in major upgrades that will benefit residents for years to come.\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

Media Contact:<\/strong>
Fran Del Valle
fran@influencecentral.com<\/a><\/p>\n

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

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NEW YORK, Dec. 11, 2025 (GLOBE NEWSWIRE) — Greystone, a leading national commercial real estate finance company, has provided a $97,600,000 HUD-insured loan to refinance a 272-unit multifamily property in East Harlem, New York.<\/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\/17099"}],"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=17099"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/17099\/revisions"}],"predecessor-version":[{"id":17103,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/17099\/revisions\/17103"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=17099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=17099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=17099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}