Greystone Provides $15 Million in Total Freddie Mac Financing for New Affordable Development in Baltimore Leveraging Tax Credit Mix
NEW YORK, NY - Greystone, a leading national commercial real estate finance company, has provided forward commitments for two loans, a $12.361 Freddie Mac 4% LIHTC Tax Exempt Loan and a $2.712 million 9% LIHTC loan, for the development of a 165-unit affordable housing property in Baltimore, MD. The transaction, which is leveraging both 4% and 9% tax credits to finance the development of the property, was originated by Pharrah Jackson-Rowell, Vice President, Greystone in partnership with Bank of...
Source: multifamilybiz.com