{"id":1004126303,"date":"2015-08-27T13:57:28","date_gmt":"2015-08-27T21:57:28","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=359014"},"modified":"2020-04-30T10:04:39","modified_gmt":"2020-04-30T18:04:39","slug":"greystone-refreshes-affordable-housing-assets","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/greystone-refreshes-affordable-housing-assets\/","title":{"rendered":"Greystone Refreshes Affordable Housing Assets"},"content":{"rendered":"

By Liviu Oltean, Associate Editor<\/em><\/p>\n

Two affordable housing properties in Las Vegas have gotten their second wind with the help of Greystone<\/strong><\/a>, which \u00a0secured recently two loans totaling $30.7 million.<\/p>\n

The real estate lending, investment and advisory firm \u00a0arranged $13 million acquisition financing for Santa Monica, Calif.-based Allied Argenta<\/strong><\/a>. The latter used the proceeds to acquire the Summerhill Apartments, a 221-unit community located at 3630 East Owens Ave. The 35-year FHA-insured loan included rehabilitation costs as well.<\/p>\n

\"Villanova<\/a><\/p>\n

Villanova Apartments<\/p>\n<\/div>\n

The second loan was a $17.7 million refinancing for the Villanova Apartments, a 348-unit community constructed in 2002. The property, which was built using 4 percent low-income housing tax credits and tax-exempt bonds, is restricted to 60 percent AMI. According to Yardi Matrix<\/strong><\/a> property records, the community is owned by Fore Property Co.<\/a>\u00a0<\/strong><\/p>\n

\u201cGreystone\u2019s expertise in both FHA and agency financing has enabled us to navigate the unique Las Vegas market, where demand for affordable housing that often needs rehabilitation or recapitalization is common,\u201d Joe Mosley, executive managing director & head of agency lending at Greystone, said in a statement.<\/p>\n

Image courtesy of Yardi Matrix\u00a0<\/em><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Two affordable housing properties in Las Vegas have gotten their second wind with the help of Greystone.<\/p>\n","protected":false},"author":1158,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1593,21742],"tags":[],"class_list":["post-1004126303","post","type-post","status-publish","format-standard","hentry","category-las-vegas","category-latest"],"acf":[],"yoast_head":"\nGreystone Refreshes Affordable Housing Assets - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/greystone-refreshes-affordable-housing-assets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Greystone Refreshes Affordable Housing Assets\" \/>\n<meta property=\"og:description\" content=\"Two affordable housing properties in Las Vegas have gotten their second wind with the help of Greystone.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/greystone-refreshes-affordable-housing-assets\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-08-27T21:57:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-30T18:04:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/08\/Villanova-Apartments.jpg\" \/>\n<meta name=\"author\" content=\"Liviu Oltean\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/greystone-refreshes-affordable-housing-assets\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/greystone-refreshes-affordable-housing-assets\\\/\"},\"author\":{\"name\":\"Liviu Oltean\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/a12696609e74785a9cb5f8f7eae8bbd0\"},\"headline\":\"Greystone Refreshes Affordable Housing Assets\",\"datePublished\":\"2015-08-27T21:57:28+00:00\",\"dateModified\":\"2020-04-30T18:04:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/greystone-refreshes-affordable-housing-assets\\\/\"},\"wordCount\":185,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/greystone-refreshes-affordable-housing-assets\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/08\\\/Villanova-Apartments.jpg\",\"articleSection\":[\"Las Vegas\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/greystone-refreshes-affordable-housing-assets\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/greystone-refreshes-affordable-housing-assets\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/greystone-refreshes-affordable-housing-assets\\\/\",\"name\":\"Greystone Refreshes Affordable Housing Assets - 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