Greystone provided $16,094,400 in HUD-insured financing for a 141-unit multifamily affordable property in Clovis, California. Constructed in 2005, Coventry Cove consists of 23 two-story walkup buildings with studio, one-, two-, three-, and four-bedroom units. The $16 million HUD-insured Section 223(a)(7) financing carries a 35-year term and amortization, along with a low, fixed interest rate.
Coventry Cove
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Property Type
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Loan Amount$16,094,400
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Financing Option