Green Park Financial has a variety of loan programs to help meet its clients’ business objectives. In addition to conventional multifamily loan products, Green Park Financial offers loans for specialized multifamily product types including affordable, seniors, student, and manufactured housing.

Green Park Financial offers both fixed and adjustable rate loans as well as a number of more creative fixed/float combinations and interest-only executions. Early rate lock, small loans, and loans with flexible refinance and supplemental terms are also available. Other categories of Green Park Financial specialty loans include:

Structured transactions:  Green Park Financial specializes in large or complex transactions including pools, credit facilities, and bulk delivery. Green Park Financial’s credit facilities utilize a single pool of cross-collateralized and cross-defaulted mortgages as collateral for long term fixed rate financing as well as short term variable rate financing. Credit facilities offer a variety of flexible options. Collateral may be substituted, added, or released, and the size of the facility can grow over time.

Forward commitments:  Green Park Financial can provide forward commitments for permanent financing on both market rate and affordable housing properties. Permanent loan rates may be fixed prior to start of construction or rehabilitation with a letter of credit or guaranteed investment contract. For unfunded forward commitments, Green Park Financial can provide construction and permanent financing without negative arbitrage. With this structure, Green Park Financial provides funds to construct the project at competitive market rates and then provides an unfunded forward commitment for permanent financing at project stabilization.

Affordable Housing Finance:   Green Park Financial can provide tax credit financing for multifamily affordable housing properties including those that participate in the Low Income Housing Tax Credit (LIHTC) program or are encumbered by a Housing Assistance Payment (HAP) contract. Green Park Financial can facilitate credit enhancement for fixed or variable-rate tax-exempt housing bonds. Proceeds can be used to provide financing for new construction, refinance, acquisitions, or substantial rehabilitation of affordable housing properties.