Greystone is named among Affordable Housing Finance’s 2024 Top 25 Lenders, a testament to the firm’s ongoing commitment to supporting affordable housing. Lenders across the industry navigated a year marked by rising development costs, fluctuating interest rates, and uncertain tax credit pricing, yet continued to provide vital financing to communities in need. “There is a lot of volatility in the interest rate market. Where things were working on Monday, by Thursday the deals no longer worked,” said Sarah Meads, Managing Director at Greystone. In the face of this unpredictability, Greystone has remained focused on delivering creative, solutions-oriented financing to help borrowers move their developments forward.
One example is Greystone’s $37 million contribution to a complex $107 million refinancing and renovation deal spanning 649 units across North Carolina - demonstrating the firm’s capacity to structure impactful transactions despite tough conditions. “We had to be creative to help borrowers overcome the challenges,” said Pharrah Jackson, Vice President at Greystone’s dedicated affordable housing platform. As the industry looks ahead, Greystone’s inclusion in this year’s rankings is a testament to its resilience in navigating the shifting landscape of affordable housing finance.
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