Greystone Lends $47M for Long Island Section 8 Housing Complex

Metropolitan Realty Group has sealed $46.8 million of agency debt for the acquisition and refinancing of a Long Island affordable housing complex, Commercial Observer has learned. Greystone provided the nonrecourse, fixed-rate Fannie Mae-backed loan on the developer’s Pine Town Houses Section 8 garden-style apartment complex in Long Beach, N.Y. The nonrecourse deal, which was originated […]