Greystone Provides $9.5 Million in Bridge Financing for Affordable Multifamily Property in Washington, D.C.

NEW YORK, March 17, 2025 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, has provided a $9,500,000 bridge loan to refinance a 130-unit affordable multifamily property in Washington, D.C. The financing was originated by Greystone Managing Director Jon Morales, on behalf of The Hampstead Group, Inc., and National Housing Trust.

Constructed in 1912 and located near the historic Dupont Circle neighborhood, R Street Apartments is an income- and rent-restricted LITHC property consisting of five, mid-rise buildings with one-, two-, and three-bedroom units. Greystone's $9.5 million interest-only bridge loan carries a ...