Greystone provided $55 million in HUD-insured loans to refinance three affordable housing properties in Fort Worth and McKinney, Texas. The financing was originated by Miryam Reinitz-Kops and Jon Morales, of Greystone on behalf of Atlantic Housing Foundation, Inc. (AHF)
The three properties total 622 units: Quail Ridge (296 units), Silver Leaf (176 units), and Redbud (150 units), and offer amenities including community centers, playgrounds, and on-site laundry facilities. The HUD-insured financing enables long-term preservation and continued affordability for all three properties.
“These transactions reflect Atlantic Housing Foundation’s ongoing commitment to the long-term preservation of affordable housing in Texas,” said Michael Nguyen, President & CEO, AHF. “Through this vehicle, AHF was able to revitalize and invest back into the assets as part of AHF’s greater mission to extend the useful life of much-needed housing in the region.”
As a nonprofit organization, AHF builds, renovates, and operates affordable apartment communities that meet the needs of low—to moderate-income residents.
Multifamily owners with loans coming due are faced with higher refinancing costs. While this isn’t news, Newmark put numbers to the issue, indicating that loans maturing in Q3 2026 carried an average interest rate of 4.04%, compared to 5.69% on new loans at an average cap rate of 5.5%, resulting in negative leverage. At the...
Learn more
An increase in mortgage rates is cooling home sales, with multifamily the biggest beneficiary, according to John Chang, senior vice president at Marcus & Millichap. In a recent video, Chang said that the 10-year Treasury has risen by more than 100 basis points, and the 30-year mortgage rate is up about 130 bps to the...
Learn more
The city of Revere is eying a large redevelopment plan that would create 1,700 new affordable and market-rate homes about five miles northeast of downtown Boston. The Revere Housing Authority presented a proposal to the Revere City Council last week requesting a zoning change that would allow for development on a 40-acre site at Cooledge...
Learn moreRe/Max Real Estate Professionals
Central CA Commercial | California
Recckio Real Estate & Development
Northgate Real Estate Group
California
California