Greystone CDE, LLC

New York NY


Greystone CDE, LLC will use its NMTC allocation to provide a variety of financial products with nontraditional features and more flexible underwriting standards than are currently available from conventional sources, including high loan to value ratios and low debt service coverage ratios. Greystone intends to provide working capital equity and loans to developers of Hope VI, brownfields and other large scale urban redevelopment, rural development and community development projects; to provide business financing, including accounts receivable factoring, for companies located in or serving distressed communities; and to provide liquidity to other CDEs through investments or loan purchases.

CDFI Awards for Greystone CDE, LLC


NMTC (2007) - $30,000,000

Greystone CDE, LLC will use its NMTC allocation to provide a variety of financial products with nontraditional features and more flexible underwriting standards than are currently available from conventional sources, including high loan to value ratios and low debt service coverage ratios. Greystone intends to provide working capital equity and loans to developers of Hope VI, brownfields and other large scale urban redevelopment, rural development and community development projects; to provide business financing, including accounts receivable factoring, for companies located in or serving distressed communities; and to provide liquidity to other CDEs through investments or loan purchases.



(0) - $0



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