Coventry Cove

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.