Country Club Villas I
Greystone provided $20,000,000 in HUD-insured financing for a 216-unit affordable housing property in Hialeah, Florida. Constructed in 2002, Country Club Villas I in Miami-Dade County consists of 10 mid-rise buildings with one-, two-, and three-bedroom units. The $20 million FHA 223(f) loan carries a 35-year term and a low, fixed rate. The property also qualifies for a lower annual MIP (Mortgage Insurance Premium) because it is rent-restricted.