Transactions

Greystone provided a total of $24,952,000 in HUD-insured financing for the construction of a 100-unit multifamily community in Glenwood Springs, Colorado. The development of the Altitude Apartments, located in a qualified opportunity zone (OZ), is financed with a non-recourse 40-year HUD (d)(4) construction-to-permanent loan with a fixed, sub-3% interest rate. The finished project will be a six-building, three-story workforce housing community that offers sweeping views of the picturesque Roaring Fork Valley and is located adjacent to the City’s 27^th Street Station which is the primary node for the Roaring Fork public transportation system servicing Aspen, Basalt, and Carbondale.