Where People Matter THE GREYSTONE RAD TEAM

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1 Where People Matter THE GREYSTONE RAD TEAM

2 Have you ever thought to yourself: Our aging multifamily properties are in desperate need of repairs and rehabilitation. What resources are available to make it happen? How are we going to find the time to do this complex conversion? Where will we get the financing for this major undertaking? How would we manage such a large construction project? Greystone helps you navigate HUD s RAD Program The RAD program opens doors for public housing authorities looking for solutions to significant affordable housing challenges. GREYSTONE IS HERE TO HELP As an experienced development partner, Greystone has preserved over 200 affordable housing properties. Greystone is an innovative leader that provides turn-key solutions to get projects done right the first time. RAD offers a unique opportunity to address the affordable housing crisis and Greystone has the organizational capacity and expertise to execute and manage every milestone preand-post RAD conversion. Hands-on all the way, our dedicated team listens carefully to your desired goals and prepares innovative solutions that exceed expectations. The development plan includes metrics that provide successful recapitalization outcomes. Our experienced experts can help guide you through the complex process.

3 We ll guide you through the RAD process REPOSITIONING AND DEVELOPING PROJECTS Renovating affordable housing properties can be a complex process, but Greystone s experience in large-scale recapitalization and long-term preservation strategies will guide you every step of the way. ADVANCING PREDEVELOPMENT COSTS We know upfront capital can be hard to come by. Greystone offers assistance by covering most of the initial expenses to get your project off to the right start. ORGANIZING AN EXPERIENCED DEAL TEAM We work with you to bring together a superior team dedicated to the success of your project. We have partners across the country that bring unparalleled skills to our projects including architects, contractors, bond and owner s counsel, as well as third party report providers. All of these professionals are highly skilled and understand your project needs. NAVIGATING DUE DILIGENCE ACTIVITIES AND REPORTS Our in-depth knowledge of thoroughly reviewing and analyzing reports such as RAD Physical Condition Assessments, appraisals and environmental studies add value to projects. We evaluate the physical needs of a property and recommend the appropriate scope of work to address short and long-term capital needs.

4 SECURING DEBT AND EQUITY SOURCES We understand the best ways to secure and negotiate both debt and equity finance options to meet your affordable housing preservation plan. Our goal is to identify cost-effective deal structure solutions. We source and liaise directly with investors and lenders on your behalf. PREPARING HUD, LIHTC AND TAX EXEMPT BOND APPLICATIONS With nearly a decade in affordable housing preservation, we have the proficiency to guide you through those complex application processes. We masterfully navigate State Agency, HUD and Lender applications. COORDINATING AND MONITORING THE CONSTRUCTION PROCESS As a developer, we have numerous multi-million dollar real estate projects under our belt. Our experience in sourcing contractors and providing construction management services - from start to finish - is unsurpassed. Greystone has refined the process of accomplishing rehabilitation with existing tenants remaining in place.

5 WHY GREYSTONE? Your development partner solution for the RAD process (including consulting and development) Extensive and direct experience as an affordable housing developer, consultant, and lender Preserved over 6,000 affordable housing units More than 25 years partnering with HUD as a top multifamily mortgage lender Greystone can directly fund most pre-development costs Greystone has partnered with Gill Group to provide complete and unparalleled service. Jerry Anderson, Executive Vice President of Gill Group, was the former Associate Deputy Assistant Secretary of the Office of Affordable Housing Preservation at HUD. Jerry was instrumental in the original development of the RAD program. Together we have the expert knowledge and ability to ensure success with all aspects of the RAD process. ABOUT GREYSTONE Greystone is a real estate advisory, investment and lending company dedicated to its clients. From our beginnings as an entrepreneurial business, we have steadfastly invested in our clients ambitions, resulting in deep and genuine relationships based on integrity and trust. We understand that their success is our success and our exceptional service consistently delivers outcomes that exceed our customers expectations. We leverage our expertise as trusted problem solvers to offer forthright counsel and provide unconventional solutions for unexpected obstacles. But to us, what matters most is what we do with our success. We are proud to be able to provide an empowering and supportive work environment and to give back to the community all to make a difference in peoples lives as people really matter.

6 CONTACT US 4025 Lake Boone Trail Suite 209 Raleigh, NC Copyright 2015 Greystone & Co., Inc. All Rights Reserved. References to the term Greystone, we, us, and our refer to Greystone & Co., Inc. and/or its affiliated companies, as applicable. For more information please visit our website or contact HB