OMAHA - Greystone Housing Impact Investors LP (NYSE: GHI), a company specializing in financing affordable housing, has increased its secured revolving Line of Credit (LOC) facility by $10 million to a new maximum of $50 million, as of Saturday. This expansion was facilitated by the addition of a new lender to the partnership, enhancing Greystone's available liquidity.
The LOC, which is secured by the partnership's joint venture equity investments, has BankUnited (NYSE:BKU) N.A. serving as the sole arranger and administrative agent. An affiliate of Greystone's general partner also provides a deficiency guaranty for the facility.
Kenneth C. Rogozinski, Chief Executive Officer of Greystone, expressed that the increased commitment from a new lender underscores the company's capacity to secure additional credit.
Founded in 1998, Greystone Housing Impact Investors LP focuses on the acquisition and management of a portfolio of mortgage revenue bonds that support the construction and permanent financing of affordable multifamily, senior, and student housing.
The partnership operates with a strategy to grow its investment portfolio by acquiring more mortgage revenue bonds and leveraging other investment opportunities.
The interest earned on these bonds is generally exempt from gross income for federal income tax purposes, aligning with the company's investment objectives. Greystone continues to explore financing structures and interest rate risk management instruments to support its growth strategy.
The company's press releases can be accessed on its website, and it regularly communicates with the Securities and Exchange Commission through required filings, such as annual and quarterly reports.
This latest financial maneuver by Greystone is part of its ongoing efforts to strengthen its investment capacity in the affordable housing sector. The information in this article is based on a press release statement from Greystone Housing Impact Investors LP.
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