{"id":6386,"date":"2022-06-22T07:15:37","date_gmt":"2022-06-22T12:15:37","guid":{"rendered":"https:\/\/1reason.com\/re\/greystone-provides-20-million-in-hud-insured-financing-for-country-club-villas-i-in-miami-florida\/6386\/"},"modified":"2022-06-23T02:15:37","modified_gmt":"2022-06-23T07:15:37","slug":"greystone-provides-20-million-in-hud-insured-financing-for-country-club-villas-i-in-miami-florida","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/greystone-provides-20-million-in-hud-insured-financing-for-country-club-villas-i-in-miami-florida\/6386\/","title":{"rendered":"Greystone Provides $20 Million in HUD-Insured Financing for Country Club Villas I in Miami, Florida"},"content":{"rendered":"<div> The FHA financing was originated by Eric Rosenstock, Managing Director in Greystone\u2019s New York office, on behalf of Lewis Swezy of Centennial Management.  <\/p>\n<p>Constructed in 2002, <strong>Country Club Villas I <\/strong>in Miami-Dade County consists of 10 mid-rise buildings with one-, two-, and three-bedroom units. The $20 million FHA 223(f) loan carries a 35-year term and a low, fixed rate. The property also qualifies for a lower annual MIP (Mortgage Insurance Premium) because it is rent-restricted.In addition to refinancing, loan proceeds enable the borrower to continue with ongoing property maintenance and monetize a portion of their equity.<\/p>\n<p>\u201cMy team has had the privilege to finance many projects for Lewis Swezy over the years and we greatly appreciate the relationship,\u201d said Mr. Rosenstock. \u201cWe work tirelessly to deliver the right products and solutions for our clients so they can maximize the potential of every property in their portfolio.\u201d<\/p>\n<p>\u201cOur team\u2019s attention to detail throughout the transaction reinforced to us that there is no one better suited than Eric Rosenstock and his team at Greystone to help us achieve our affordable housing strategy in Miami,\u201d said Mr. Lewis Swezy, CEO of Centennial Management. \u201cGreystone\u2019s deep experience in this market meant that our transaction closed quickly and seamlessly \u2013 they are truly best-in-class when it comes to multifamily finance, particularly HUD.\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=GhaYNQnY3U9-X_sdTy0psvECvA5GnwQ6F1Jb4u86SGYExnPTnnr2ACtyjrVihCLnjlTEkoIsJh22YNm8BfrCrQ==\" rel=\"nofollow noopener\" 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=5RJNMAGMBurTBuGaHpEcaFW2-jfjVxTEYGuBSQnBULMfaRL6TcqHRr-hgU3fcoiOnB1h1DzAwvUTiBjCYMeS5WIDy920OVlX0vzMpbph3Jk=\" rel=\"nofollow noopener\" 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\/MzQ5YjU0OTctYzE5OC00ZjU5LWFkYjMtMmJjODRhMmU1NTRkLTEwMzQ5NDg=\/tiny\/Greystone.png\"><\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<p align=\"left\">NEW YORK, May 26, 2022 (GLOBE NEWSWIRE) &#8212; Greystone, a leading national commercial real estate finance company, has provided $20,000,000 in HUD-insured financing for a 216-unit affordable housing property in Hialeah, 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\/6386"}],"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=6386"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/6386\/revisions"}],"predecessor-version":[{"id":6393,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/6386\/revisions\/6393"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=6386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=6386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=6386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}