tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Greystone Housing Impact Secures Facility After Asset Default

Story Highlights
  • Greystone Housing Impact Investors secured up to $84 million in financing to acquire and stabilize South Carolina affordable multifamily properties after bond covenant defaults in early 2026.
  • The new facility, backed by stringent collateral, hedging, covenants and guarantees from the partnership and Greystone Select, underpins future acquisitions and strengthens control over key affordable housing assets.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Greystone Housing Impact Secures Facility After Asset Default

Claim 70% Off TipRanks Premium

The latest announcement is out from Greystone Housing Impact Investors ( (GHI) ).

On December 31, 2025, subsidiaries of Greystone Housing Impact Investors LP entered into a secured loan agreement of up to $84 million with BankUnited, N.A., initially drawing $42 million to finance the acquisition of two multifamily properties in Greenville and Spartanburg, South Carolina that had been rehabilitated and converted to rent-restricted affordable housing. After those properties defaulted on mortgage revenue bond covenants in January 2026, the partnership exercised its remedies and took ownership via deeds in lieu of foreclosure on January 2, 2026, using the new facility—backed by extensive collateral, interest-rate hedging, and tight operational and financial covenants—to stabilize the assets and potentially fund additional affordable multifamily acquisitions, with recourse supported by comprehensive guarantees and liquidity and net worth tests at both the partnership and an affiliated guarantor, Greystone Select Incorporated.

The most recent analyst rating on (GHI) stock is a Hold with a $7.50 price target. To see the full list of analyst forecasts on Greystone Housing Impact Investors stock, see the GHI Stock Forecast page.

Spark’s Take on GHI Stock

According to Spark, TipRanks’ AI Analyst, GHI is a Neutral.

Greystone Housing Impact Investors LP presents a mixed investment case. The high dividend yield and strategic shifts towards stable returns are positive, but high leverage and bearish technical indicators pose risks. The stock’s valuation and recent corporate actions provide some support, but caution is advised due to financial and operational challenges.

To see Spark’s full report on GHI stock, click here.

More about Greystone Housing Impact Investors

Greystone Housing Impact Investors LP is a partnership focused on financing and investing in multifamily residential properties, with a particular emphasis on rent-restricted affordable housing supported by mortgage revenue bonds and related debt structures.

Average Trading Volume: 171,036

Technical Sentiment Signal: Sell

Current Market Cap: $171.4M

For an in-depth examination of GHI stock, go to TipRanks’ Overview page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1