Related Affiliate Nabs $167M From Greystone to Build Miami Resi Towers

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Related Urban Development Group secured $167 million in construction financing for a two-tower multifamily project in Miami. The package includes an $80 million loan from Greystone Housing Impact Investors through a joint venture with BlackRock Impact Opportunities Fund, alongside financing from Greystone Real Estate Capital.

Related Urban Development Group has sealed $167 million in construction financing through Greystone’s affordable housing lending platform to build a two-tower multifamily project in Miami, Commercial Observer has learned. Greystone Housing Impact Investors (GHI) provided an $80 million construction loan through its joint venture with BlackRock Impact Opportunities Fund, while Greystone Real Estate Capital (GREC) […]