Greystone Wrangles $117M For Affordable Housing Revamp

Law360, New York (September 18, 2013, 7:26 PM EDT) -- Multifamily mortgage lender Greystone has secured $117 million in financing to support the purchase and renovation of over 1,300 affordable housing units in Georgia, which will preserve the properties and boost local economies, the loan provider said Wednesday.

The capital will be used to acquire 44 affordable housing properties comprised of 1,362 units that serve low-income families in 30 counties across the state. All of the units will undergo rehabilitation, which is expected to be completed within one year. WWJ LLC, an affiliate of real estate...
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