Centennial Management secures $22m for Florida affordable housing

Centennial Management secures $22m for Florida affordable housing

Published at: 2018-11-01 15:50 | Author: CIJ USA
Greystone has provided a $22m HUD-insured loan to Centennial Management for a affordable housing property in Miami Lakes, Florida. The 35-year fully amortizing loan, secured by Country Club Villas II, replaces a previous Fannie Mae mortgage. Built in two phases between 2000 and 2002, the property features 430 units. “With the incredible terms for HUD-insured loans — low, fixed rates and long terms — it’s a fantastic option for investors that focus on permanent holds in their portfolio,” said Eric Rosenstock, vice president of Greystone’s New York office.

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