Greystone Housing Impact Investors Funds $11.9M Loan For 40rty On Colony Development

The asset involved in this transaction is a development site located at 7385 Colony Drive in La Mesa. The project will consist of 40 mixed-income units, with 20% allocated for lower-income households. The financing provided amounts to $11,900,000, designated as a construction loan with terms extending over 36 months, featuring interest-only payments.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $11,900,000
• Lender: Greystone Housing Impact Investors LP (GHI) - Frank Bravo
• Landlord: GWMP Investments, LLC - Greg Wayer
• Brokers: Eliav Dan & Shana Daby - Greystone
• Loan Type: Construction Loan
• Loan Terms: 36 months, interest-only

Key individuals in this transaction include Frank Bravo from Greystone Housing Impact Investors LP, representing the lender, and Greg Wayer from GWMP Investments, LLC, acting as the landlord. Additionally, brokers Eliav Dan and Shana Daby from Greystone facilitated the deal, contributing their expertise in the finance and real estate market.