{"id":2681,"date":"2021-05-06T00:47:42","date_gmt":"2021-05-06T05:47:42","guid":{"rendered":"https:\/\/1reason.com\/re\/greystone-provides-28-4-million-in-hud-insured-financing-for-affordable-housing-property-in-pembroke-park-florida\/2681\/"},"modified":"2021-05-06T19:47:42","modified_gmt":"2021-05-07T00:47:42","slug":"greystone-provides-28-4-million-in-hud-insured-financing-for-affordable-housing-property-in-pembroke-park-florida","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/greystone-provides-28-4-million-in-hud-insured-financing-for-affordable-housing-property-in-pembroke-park-florida\/2681\/","title":{"rendered":"Greystone Provides $28.4 Million in HUD-Insured Financing for Affordable Housing\u00a0Property in Pembroke Park, Florida"},"content":{"rendered":"<div> The financing was originated by Eric Rosenstock, Managing Director in Greystone\u2019s New York office, on behalf of Centennial Management.  <\/p>\n<p align=\"left\">The $28,425,000 HUD-insured financing carries a 35-year term, along with a low, fixed interest rate. <strong>Pembroke Gardens<\/strong>, located in Broward County, consists of thirteen, two-floor detached buildings with one-, two-, and three-bedroom units, and the property is income-restricted to residents earning 60% of Area Median income (AMI). Built in 2001, property amenities include a clubhouse \/ community room, swimming pool and hot tub, two picnic \/ play areas, on-site laundry facilities, and gated access.<\/p>\n<p align=\"left\">\u201cIt has been a pleasure to work with Lewis over the years on improving his real estate debt portfolio and extracting value from the many quality assets he\u2019s developed over the past few decades with sophisticated financings,\u201d said Mr. Rosenstock. \u201cGreystone\u2019s diverse multifamily solutions, particularly our #1 industry HUD execution, are ideal for borrowers seeking a strategic approach to short- or long-term financing.\u201d<\/p>\n<p align=\"left\">\u201cEric and his team have proved invaluable to my real estate portfolio in helping to realize the benefits of HUD financing over many transactions,\u201d said Mr. Lewis V. Swezy, principal of Centennial Management. \u201cThe volume that Eric\u2019s team does is not by chance, rather is a testament to his expertise.\u201d<\/p>\n<p align=\"left\"><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=OMYFoqYl3WP_mgxlY1_GdIi7i1w8lUz-w2sqas0r6tNz7v3iSatlPh98wrUqedzFLK1Gm86mbDLq4Qdz-R_SLg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\" title=\"www.greystone.com\">www.greystone.com<\/a>.<\/p>\n<p align=\"left\"><strong>PRESS CONTACT:<\/strong><br \/>Karen Marotta<br \/>Greystone<br \/>212-896-9149<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=HTuW3A09S1oGL8KHe-SZkBgK7QgXrulDf_Vg-i6v_ryWThaJPCiye6U-1E0gLx0DNZtsONFyhkuMQLj76dGwX-OHl74lc48LoS_UeG8cgmQ=\" 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\/0c241bdf-d4e5-49a6-8e1e-103af9c19bfd\"><\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<p align=\"left\">NEW YORK, April 19, 2021 (GLOBE NEWSWIRE) &#8212; Greystone, a leading national commercial real estate finance company, has provided a $28.4 million HUD-insured loan to refinance a 198-unit multifamily 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\/2681"}],"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=2681"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/2681\/revisions"}],"predecessor-version":[{"id":2689,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/2681\/revisions\/2689"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=2681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=2681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=2681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}