{"id":2323,"date":"2021-03-24T14:49:32","date_gmt":"2021-03-24T19:49:32","guid":{"rendered":"https:\/\/1reason.com\/re\/greystone-provides-10-9-million-in-hud-insured-financing-for-a-multifamily-property-in-miami-florida\/2323\/"},"modified":"2021-03-25T09:49:32","modified_gmt":"2021-03-25T14:49:32","slug":"greystone-provides-10-9-million-in-hud-insured-financing-for-a-multifamily-property-in-miami-florida","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/greystone-provides-10-9-million-in-hud-insured-financing-for-a-multifamily-property-in-miami-florida\/2323\/","title":{"rendered":"Greystone Provides $10.9 Million in HUD-Insured Financing for a Multifamily Property in\u00a0Miami, Florida"},"content":{"rendered":"<div> The financing was originated by Eric Rosenstock, Managing Director in Greystone\u2019s New York office, on behalf of Vizcaya Affordable Corp.  <\/p>\n<p>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, <strong>Vizcaya Villas Apartments<\/strong> 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\u2019s colleges and universities, employers, entertainment, restaurants and shopping.<\/p>\n<p>\u201cWe pride ourselves on guiding our clients through every phase of their project\u2019s lifecycle, at every market turn,\u201d said Mr. Rosenstock. \u201cOur multifamily expertise, coupled with our industry-leading service and seamless execution on every transaction, are the reasons why our clients trust us throughout the lifecycle of their portfolios.\u201d<\/p>\n<p>\u201cMy Greystone team knows that my properties are my passion and importantly, they appreciate that people need more than \u2018housing\u2019, they need homes,\u201d said Mr. Lewis V. Swezy, principal of Vizcaya Affordable Corp. \u201cThroughout the years, our experiences with Greystone have been nothing short of exceptional, so we have no reason to go anywhere else when it comes to finding the right financing for our portfolio of multifamily properties.\u201d<\/p>\n<p align=\"justify\"><strong>About Greystone<\/strong><br \/>Greystone is a 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=6tZRZwDHX8LTEAHhXp8j500tTnFbzOFunWdOzngxeaYkcH8QW88tU9sGOwJ-rjOGWSLJX58j-s_coJhlpKgzvA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\" title=\"www.greystone.com\">www.greystone.com<\/a>.<\/p>\n<p align=\"justify\"><strong>PRESS CONTACT:<\/strong><br \/>Karen Marotta<br \/>Greystone<br \/>212-896-9149<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=hg3aR-HHsksGo8WB6UI3gxPloIkCjWXGKFlMW3IoBTyudo2tWAZolFSJLEVvKAN-3gU_PekC8OpfQDOHyn9QBSZlRjjJKjzJ4GqgLNhBPkg=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\" title=\"Karen.Marotta@greyco.com\">Karen.Marotta@greyco.com<\/a><\/p>\n<p><img loading=\"lazy\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" width=\"1\" height=\"1\" class=\"lazyload\" data-src=\"https:\/\/ml.globenewswire.com\/release\/track\/f8c07db2-7f7d-4004-9cd2-674e3653cb9f\"><\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<p align=\"left\">NEW YORK, March 02, 2021 (GLOBE NEWSWIRE) &#8212; 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.<\/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\/2323"}],"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=2323"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/2323\/revisions"}],"predecessor-version":[{"id":2360,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/2323\/revisions\/2360"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=2323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=2323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=2323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}