NEW YORK, NY – Conquest Housing and BLVD Communities have secured $67.5 million in bridge financing for a five-property affordable housing portfolio.
Greystone closed the financing, alongside joint-venture partners Cushman & Wakefield and a Greystone Monticello affiliate, which funded the refinancing.
The refinancing transaction encompasses a 619-unit portfolio of Section 8 HAP properties. The suburban, garden-style communities are located in Toms River, NJ, Toledo, OH, Maurnelle, AR and Milwaukee, WI. Each of the affordable housing properties were built between 1960 and 1987.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
