Contributed to Greystone's $1 million in affordable housing originations in 2021
Handled $33 million in Fannie Mae financing for the 91-unit Harriet Tubman Terrace
Generated $20.1 million in financing for the 116-unit Cedar Village
As director of Greystone, Scott Wallace has been a standout in the affordable housing space, contributing to the firm’s $1 billion in originations during 2021.
Two of his most recent transactions include $33 million in Fannie Mae acquisition financing of the 91-unit Harriet Tubman Terrace, a Section 8 HAP property in Berkeley, CA; and $20.1 million in acquisition financing of the 116-unit Cedar Village, an affordable housing property in Chico, CA.
Joining Greystone in 2014 as an affordable and senior housing analyst with a focus on small loans underwriting, maturity management work, Wallace quickly moved through the affordable housing team’s sales desk. In 2020, he transitioned to production.
Since then, he notes that affordable housing has become an extremely active sector. He said he’s grateful to have an impactful role in helping finance an asset class that’s critical to survival, one that has a positive impact on clients’ residents’ lives.
These are just a few reasons we chose Wallace as one of Atlanta/Southeast’s 2022 Next Generation Award winners. Connect Media’s sixth annual Next Generation Awards recognize young leaders in the commercial real estate industry who are likely to be influential for years to come.
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