{"id":3847,"date":"2021-09-09T04:31:59","date_gmt":"2021-09-09T09:31:59","guid":{"rendered":"https:\/\/1reason.com\/re\/greystone-provides-38-8-million-in-hud-insured-financing-for-multifamily-affordable-housing-portfolio-in-south-carolina\/3847\/"},"modified":"2021-09-09T23:31:59","modified_gmt":"2021-09-10T04:31:59","slug":"greystone-provides-38-8-million-in-hud-insured-financing-for-multifamily-affordable-housing-portfolio-in-south-carolina","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/greystone-provides-38-8-million-in-hud-insured-financing-for-multifamily-affordable-housing-portfolio-in-south-carolina\/3847\/","title":{"rendered":"Greystone Provides $38.8 Million in HUD-Insured Financing for Multifamily Affordable Housing Portfolio in South Carolina"},"content":{"rendered":"<div> The transaction was originated by Kelley Klobetanz of Greystone.  <\/p>\n<p><strong>South Pointe Apartments<\/strong>, a 256-unit multifamily complex located in Hanahan, SC, was refinanced with a $27,025,300 HUD 223(f) loan. The loan will provide over $1.6 million for property repairs to improve residents&#8217; quality of life on top of $1.8 million invested in capital expenditures prior to the refinance. <\/p>\n<p><strong>Rosewood Townhomes<\/strong>, a 100-unit multifamily complex located in Goose Creek, SC, was refinanced with an $11,860,800 HUD 223(f) loan. The property will benefit from $1 million in updates as a result of the HUD-insured financing, a continuation of $850,000 invested in repairs to date.<\/p>\n<p>\u201cWe are thrilled to have provided a long-term, low-rate HUD loan that will enable property improvements for the benefit of residents in this affordable housing for decades to come,\u201d said Ms. Klobetanz. \u201cGreystone\u2019s industry-leading HUD platform is an excellent solution to ensure permanent, long-term and fixed financing for multifamily owners.\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=oH7uYHUklb4PfpIft7xr7FppNJNq-DEUpIGsSES4Bs9PjCuo8PE_sy-O-yXoWFW8L4eXjIKa7F6hTHdGYrPgSg==\" 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=9Fv1Np-z2QObAzzkWBIFO3rrAaNQV9PfZJEGnxlI4t07nwW-Beeqs0qpT_8HkXJZP1T2ns7Q8LzVAARIqzr0wLMYonaOBGzAVT3NFAURvwo=\" rel=\"nofollow noopener noreferrer\" 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\/OGNkNjQ1ZWQtODdhYy00NmFhLWE3ZDYtMWE2MDhlYzAxNWExLTEwMzQ5NDg=\/tiny\/Greystone.png\"><\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<p align=\"left\">NEW YORK, Aug. 11, 2021 (GLOBE NEWSWIRE) &#8212; Greystone, a leading national commercial real estate finance company, has provided a total of $38,886,100 in HUD-insured financing for two multifamily properties in Berkeley County just north of Charleston, SC.<\/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\/3847"}],"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=3847"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/3847\/revisions"}],"predecessor-version":[{"id":3861,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/3847\/revisions\/3861"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=3847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=3847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=3847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}