Greystone has provided an $18,850,000 HUD-insured loan to refinance Ellwood, a 140-unit multifamily property located in Baltimore, Maryland. The financing was originated by Avi Lifshitz, Managing Director at Greystone.
The FHA-insured financing allows the borrower to secure long-term, fixed-rate debt for the asset while benefiting from the program’s non-recourse structure and favorable terms. Ellwood, located in a growing residential corridor of Baltimore, continues to offer essential housing for the local community.
“FHA financing remains one of the most powerful tools for multifamily borrowers looking to maximize loan proceeds,” said Mr. Lifshitz. “Greystone is proud to support our clients with the depth of experience needed to navigate the HUD process.”