Greystone has originated a $6.6 million loan financed by the Freddie Mac Targeted Affordable Housing program.
Greystone will also service the TAH loan for Ravenwood of Kissimmee, a 185-unit multifamily property located in Kissimmee, Fla.
The property is an expiring use Low Income Housing Tax Credits garden-style apartment project that falls under the Land Use Restriction Agreement with the Florida Housing Finance Agency requirement to develop 100% of the units for households earning at or below 60% area median income.
As a Freddie Mac TAH and seniors housing seller/servicer, Greystone originates, underwrites and closes affordable multifamily and seniors housing loans alongside a full range of securitized commercial mortgage loan financing options and interim lending programs.
The New York-based
