Greystone Provides $167M Financing for Affordable Housing Tower Development in Miami

MIAMI — Greystone has provided a loan package totaling $167 million for the construction of Gallery at Lummus Parc, an affordable housing high-rise development located at 395 N.W. 1st St. in Miami. The borrower is locally based Related Urban Development Group, an affordable housing subsidiary of Related Group. Greg Voyentzie and Jay Reed of Greystone Real Estate Capital (GREC) and Jason Kaye of Greystone Housing Impact Investors LP (GHI), along with Jeff Englund and Pharrah Jackson of Greystone,