NEW YORK, NY - Greystone, a leading national commercial real estate finance company, has provided a $24.1 million HUD 223(f) loan to refinance a 216-unit multifamily property in Charlotte, North Carolina. The financing was originated by Lisa M. Fischman, Managing Director at Greystone, on behalf of Pressly Development Company.
Argyle Place Apartments in Hickory is a midrise apartment community with 20 buildings consisting of one-, two- and three-bedroom units that were originally constructed.
NEW YORK, NY - Greystone, a leading national commercial real estate finance company, has provided a $13,880,000 HUD 223(f) loan to refinance a 164-unit affordable housing property in Battle Creek, Michigan. The financing was originated by Lisa M. Fischman, Managing Director at Greystone, on behalf of The Altman Companies.
Constructed in 1981, Bent Tree Apartments in Calhoun County is a 100% Section 8 multifamily property with one midrise building and 14 two-story buildings consisting of one-,.
NEW YORK, NY - Greystone, a leading national commercial real estate finance company, has provided $10,800,000 in HUD 223(f) financing to refinance a 200-unit affordable housing community in Saginaw Township, Michigan. The transaction was originated by Lisa M. Fischman, Managing Director in Greystone’s New York office on behalf of The Altman Companies, a repeat Greystone client.
Constructed in 1980, Lakeside Village Apartments in Saginaw County consists of one mid-rise elevator building.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Greystone Provides $23.8 Million in HUD-Insured Financing for Not-for-Profit Healthcare Campus .
GreystoneFebruary 9, 2021 GMT
NEW YORK, Feb. 09, 2021 (GLOBE NEWSWIRE) Greystone, a leading national commercial real estate finance company, has provided a $23.8 million HUD-insured loan to refinance a newly-expanded 220-unit seniors housing and healthcare services campus in Elkhart, Indiana. The financing was originated by Lisa M. Fischman, Vice President in Greystone’s New York office on behalf of non-profit Hubbard Hill Retirement Community.
Located on 70 acres in Indiana, Hubbard Hill is a faith-based, non-profit, continuing care retirement community with independent living, assisted living, long-term skilled nursing & short-term rehab, and the groundbreaking Living Wisdom Center for Dementia. Residents of the sprawling wooded property have access to the community’s 2-acre Sr frie
NEW YORK, NY - Greystone, a leading national commercial real estate finance company, has provided $23.8 million in HUD-insured loans to refinance a trio of assisted living facilities in New Hampshire. The Interest Rate Reduction (IRR) transaction was originated by Lisa M. Fischman, vice president in Greystone’s New York office, on behalf of family owned The Courville Company.
The refinanced properties include Courville at Manchester; Courville at Carlyle Place; and Courville Nashua & Aynsley. The IRR reduces the interest rate on an existing HUD-insured loan, maintaining the existing maturity and loan amount.
“An IRR is a good option for mortgagors who have held their asset since before rates dropped earlier this year,” said Ms. Fischman. “At Greystone, we are continually seeking ways to help our clients leverage market dynamics so they can optimize their real estate portfolios, and an IRR is especially valuable in the assisted living and skilled nursing markets, which are u