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Dec 11, 2025 4:00 PM

Greystone Provides $97.6 Million in HUD-Insured Financing for Affordable Housing Community in East Harlem, New York

NEW YORK, Dec. 11, 2025 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, has provided a $97,600,000 HUD-insured loan to refinance a 272-unit multifamily property in East Harlem, New York. The financing was originated by Senior Managing Director Eric Rosenstock and Executive Vice President Jeff Englund of Greystone, on behalf of Metropolitan Realty Group.

Built in 1910, Villa Hermosa Apartments in New York County consists of three mid-rise, elevator buildings with one-, two- and three-bedroom units, which are income-restricted to 50% Area Median Income (AMI) for residents and supported by long-term Section 8 project-based rental assistance. The $97.6 ...