Lending - Freddie Mac - $21M
Greystone announced a $21 million refinancing deal for Windham Heights, a 350-unit affordable housing complex located in Windham, Connecticut. Greystone has originated and will service the loan financed by the Freddie Mac Targeted Affordable Housing Mortgage Program. The deal was completed by Greystone’s Affordable Housing team, led by Jeff Englund.
As a Freddie Mac Targeted Affordable Housing Seller/Servicer, Greystone is one of a select number of firms able to originate, underwrite and close on behalf of Freddie Mac, in addition to offering all affordable lending products available through the organization.
“Working with Freddie Mac allows us to further reach customers through a multitude of high-quality products,” said Jeff Englund. “As Greystone works closely with a number of mortgage purchasing enterprises, we are able to offer the best programs for our clients, and we are excited to continue working closely with Freddie Mac and our other partners to serve the multifamily mortgage needs of the country.”
Through the Freddie Mac Targeted Affordable Housing (TAH) Program, multifamily sellers originate loans for purchase by Freddie Mac as a part of the TAH network of correspondent lenders. Multifamily Targeted Affordable Seller/Servicers can sell and service Freddie Mac targeted affordable housing loans secured by properties located anywhere in the United States.