Join us on LinkedIn Follow us on Twitter Like us on Facebook Follow us on Instagram
 
  OCTOBER RESEARCH STORE Already a subscriber? LOG IN
AddControlToContainer_DynamicNavigation4

Appraiser News

Commercial real estate company provides HUD-insured financing for California housing

Email A Friend Printer Friendly Version
0 comments
Appraiser News
Wednesday, January 5, 2022

Greystone recently provided a $29,121,000 HUD-insured loan to refinance a 185-unit multifamily property in Lompoc, Calif. The transaction was originated by Greystone Managing Director Eric Rosenstock and Vice President Jesse Yodice, on behalf of Kailani Village, Greystone announced in a press release.

The $29.1 million HUD-insured Section 223(f) financing carries a 35-year term and amortization, along with a fixed interest rate in the mid-2s. Kailani Village, located in Santa Barbara County, is a midrise rental property constructed in 1965 that consists of 46 one-bedroom, 71 two-bedroom and three three-bedroom units, as well as 14 four-bedroom units, according to the release.

All of the units are subject to rent restrictions based on the area’s median income, and as a result, the property qualifies as affordable housing.

“We chose Greystone because of their deep expertise in multifamily HUD lending. They understood the uniqueness of this property and worked tirelessly to deliver the right financing terms for our capital needs,” Kenneth Slaught, principal of the borrower, said in the release “Throughout every phase of this transaction, our team exceeded our expectations, which is why we look forward to working with Eric and his team in the future.”

“Our number one goal in every transaction is to deliver a service experience that far surpasses clients’ expectations,” Rosenstock said. “My extensive lending experience and Greystone’s multifamily lending platform enables me to give our clients access to the best financing options in every market, with the most sophisticated and seamless execution possible.”

 

 

Today's other top stories
Can tiny homes solve homeowner dilemmas?
Partnership to enhance homebuyer fraud protection
Zillow presents updates to conforming loan limits, jumbo loans
Fannie Mae reports home price deceleration in Q4
Pandemic homebuying boosted by financial benefits


COMMENT BOX DISCLAIMER:
October Research is not responsible for the comments posted on its websites by readers. We will do our best to remove comments that include profanity or personal attacks or other inappropriate comments.
Comments:

Be the first to leave a comment.

Leave your comment
CAPTCHA Validation
CAPTCHA
Code:
: 
: 
Your Email is for reporting purposes only. It will NOT be displayed.
Popularity:
This article has been viewed 1015 times.
A Twitter List by ValuationReview

Print Edition - January 23, 2023

News by Topic   Special Reports   Events   Subscribe
Conference Coverage
Appraiser News
Commercial Corner
Legal News
Market Watch
Technology Corner
 
 
2023 State of the Industry
2022 Appraisal Technology
Voice of the Appraiser
Finding and Training the Next Generation
Appraising in a New Environment
Green Appraisals
Archives
 
National Settlement Services Summit (NS3)
Women's Leadership Summit (WLS)
Webinars
 
Subscriptions
Free Email Updates
Try a Free Edition
News by Edition   About   Other Publications    
November 28, 2022
December 12, 2022
January 9, 2023
January 23, 2023
Archives
 
Valuation Review
Contact / Editors
Social Media
Advertise
Are You An Expert?
Subscriber Agreement
 
Dodd Frank Update
RESPA News
The Title Report
The Legal Description
   
Copyright © 2002-2023 Valuation Review
An October Research, LLC publication
3046 Brecksville Road, Suite D, Richfield, OH 44286
(330) 659-6101, All Rights Reserved
www.valuationreview.com | Privacy Policy
VISIT OUR OTHER WEBSITES
> Dodd Frank Update
> RESPA News
> The Title Report
> The Legal Description
> The October Store
Loading... Loading...
Featuring:
  • Delivery 3X a week plus breaking news as it happens
  • Comprehensive title insurance industry news
  • Recent acquisitions, mergers, real estate stats
  • Exclusive in-depth coverage of the industry's hottest stories
Featuring:
  • Delivery 2X a week plus breaking news as it happens
  • Comprehensive Dodd-Frank coverage
  • The latest information from the CFPB
  • Full coverage of Congressional hearings
  • Updates on all agency actions
  • Analysis of controversial provisions
  • Release of newest studies and reports
Sign up today and...
  • Be one of the first to know where NS3 is being held
  • Learn about NS3 speakers and sessions
  • Save on registration with Super-Early Bird rates
  • Discover the networking opportunities NS3 offers
  • Find out if CE credits will be offered for your area
  • And much more
Featuring:
  • Delivery 2X a week plus breaking news as it happens
  • Preview the latest RESPAnews.com Top Story
  • RESPA related headline news
  • Quote of the Week
Featuring:
  • Delivery 2X a week plus breaking news as it happens
  • Legal, regulatory and legislative information impacting the settlement services industry
  • News from HUD, Congress, state legislatures and other regulatory agencies
  • Follow the lobbying efforts of all the major national real estate services organizations.
Featuring:
  • Delivery 2X a week plus breaking news as it happens
  • The industry's only full-time newsroom
  • Relevant, up-to-date appraisal industry news
  • Covering the hottest stories and industry trends
NEWS BY TOPIC
NEWS BY EDITION
SPECIAL REPORTS
EVENTS
RESOURCES
FREE EMAIL UPDATES
ABOUT
SUBSCRIBE
Conference Coverage
Appraiser News
Commercial Corner
Legal News
Market Watch
Technology Corner
Sponsored Content
Current Edition
January 9, 2023
December 12, 2022
November 28, 2022
November 14, 2022
Archives
2023 State of the Industry
2022 Voice of the Appraiser
Appraisal Technology
Real Estate Compliance Outlook
Best Practices
Finding & Training the Next Gen
Archives
National Settlement
Services Summit (NS3)
Women's Leadership
Summit (WLS)
Webinars
2023 Economic Forecast Series
Compliance Series
Manufactured Housing
Appraising Office Space Today
CFPB Unconstitutionally funded?
Eminent Domain
Move to ANSI Standards
Keys For Operational Efficiency
New DEI Regulations
Drones Do's and Don'ts
How to be an Expert Witness
Webinar Archives
Executive Interview Series
Social Media
Valuation Review
Contact Us
Advertise
Are You An Expert
Subscriber Agreement