Greystone has closed $67.45 million in bridge financing secured by a portfolio of five multifamily properties on behalf of Conquest Housing and BLVD Communities, the sponsor. The refinancing transaction, which was brought to Greystone by Cushman & Wakefield and funded by a Greystone Monticello affiliate, comprises a 619-unit portfolio of Section 8 HAP properties across various states including New Jersey, Arkansas, Ohio, and Wisconsin.
The portfolio of affordable housing includes five suburban, garden-style multifamily communities built between 1960 and 1987 in such markets as Toms River, N.J.; Toledo, Ohio; Maurnelle, Ark.; and Milwaukee, Wis.
“It was a pleasure working with the sponsor, alongside our partners at Cushman & Wakefield and Greystone Monticello, to deliver a seamless execution during an otherwise volatile market,” said Eliav Dan, a senior managing director at Greystone. “This transaction exemplifies the synergies of our recently closed Cushm
