NEW YORK, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Greystone, a leading national commercial real estate finance company, has provided a $28,159,600 HUD-insured 221(d)(4) loan to finance the construction of a 192-unit multifamily community in Traverse City, Blair Township, Michigan. The financing was originated by Brian Jones, Managing Director at Greystone, on behalf of JHT Wallick Holdings LLC. Corners Crossing is a planned construction project being co-developed by Wallick Communities and Homestretch Nonprofit Housing Corporation. The community will be geared toward middle-income residents, with rents ranging from 80-120% of area median income (AMI). In addition to the $28.2 million FHA loan from Greystone, the property will be financed with funds from ...