Press Release

Ballard Spahr Advises Greystone on Financing of NYC Supportive Living Properties

June 7, 2024

Ballard Spahr Housing Finance attorneys represented Greystone Servicing Company LLC, a leading national commercial real estate finance company, in obtaining a Freddie Mac Targeted Affordable Housing multifamily loan that financed two permanent supportive living properties in New York City’s Harlem neighborhood.

The multifamily shelters, located on West 133rd Street and operated by nonprofit Urban Resource Institute in partnership with New York City’s Department of Homeless Services, are comprised of 34 individual residential units.

The Ballard Spahr team that advised Greystone on the transaction was led by Partner Juan Pereira and Associate Maxwell D. Reinhardt, both of whom advise lenders and servicers across all Fannie Mae and Freddie Mac multifamily loan products.

For further information, please see Greystone’s press release.

For media inquires, please contact Will Ashenmacher at 612.371.5792.

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