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Cedar Rapids Bank sells $157 million affordable multifamily loan portfolio

Freddie Mac offers debt secured by 48 properties in 18 states
Cedar Rapids Bank & Trust provided a $21.2 million loan to refinance Winchester Grove Apartments in Memphis, Tennessee. (CoStar)
Cedar Rapids Bank & Trust provided a $21.2 million loan to refinance Winchester Grove Apartments in Memphis, Tennessee. (CoStar)
CoStar News
December 23, 2024 | 10:03 P.M.

Greystone, a national commercial real estate finance company, has assisted Cedar Rapids Bank & Trust in completing a $157 million affordable multifamily loan sale.

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