Greystone Housing Impact Investors LP Enters into \$84 Million Loan Agreement with BankUnited, N.A.
OMAHA, NE – March 5, 2026 – Greystone Housing Impact Investors LP (“Greystone” or the “Partnership”) has announced the execution of a significant financial transaction that may interest investors and could be price sensitive.
Key Highlights of the Report
- Material Definitive Agreement: On February 27, 2026, Greystone Housing Impact Investors LP and its subsidiaries, GHI South Carolina Holdings LLC and GHI South Carolina Sondrio LLC, entered into a new loan agreement (the “Loan Agreement”) with BankUnited, N.A. as lender.
- Loan Commitment: The agreement provides for a loan commitment of \$84,000,000 from BankUnited, N.A.
- Effective Date: The agreement is effective as of February 27, 2026.
- Debt Service Coverage Ratio (DSCR) Covenants:
- As of February 15, 2027, the borrower must demonstrate a minimum DSCR of not less than 1.00:1.00 for the trailing three-month period.
- As of June 30, 2027, and thereafter, the borrower must demonstrate a minimum DSCR of not less than 1.05:1.00 for the trailing three-month period.
- Failure to meet these DSCR requirements may trigger consequences under the Loan Agreement.
- Incorporation by Reference: The full text of the Loan Agreement was previously filed as Exhibit 10.1 to a Form 8-K on January 7, 2026, and is incorporated into this report by reference.
Price-Sensitive and Shareholder-Relevant Information
- Significant New Debt: This \$84 million loan is a material new obligation for Greystone. The size and terms of this debt could impact the company’s financial leverage, liquidity position, and interest expense profile.
- Financial Covenants: The DSCR requirements are critical. If the company fails to maintain these ratios, it could face penalties, defaults, or forced renegotiations with the lender. Such events could materially affect the company’s financial health and stock value.
- Potential Use of Proceeds: While the filing does not specify the intended use of funds, the size suggests it could support new acquisitions, refinancing, or capital improvements, all of which could alter the company’s growth trajectory and risk profile.
- Forward-Looking Statements and Risks: The company notes that forward-looking statements in the filing are subject to risks, including interest rate fluctuations, collateral valuations, bond investment values, upcoming financing maturities, and general economic conditions. Investors should monitor these factors as they could affect Greystone’s ability to service the new debt and overall financial performance.
Details for Investors
| Loan Amount |
\$84,000,000 |
| Lender |
BankUnited, N.A. |
| Borrowers |
GHI South Carolina Holdings LLC, GHI South Carolina Sondrio LLC (both subsidiaries of Greystone Housing Impact Investors LP) |
| Effective Date |
February 27, 2026 |
| Minimum Debt Service Coverage Ratio |
1.00:1.00 (by February 15, 2027)
1.05:1.00 (by June 30, 2027 and thereafter)
|
| Potential Consequences of Covenant Breach |
Unspecified in summary, but likely includes default remedies under the Loan Agreement—may affect share value. |
| Trading Symbol / Exchange |
GHI / New York Stock Exchange |
Signatures and Accountability
- The report is signed by Jesse A. Coury, Chief Financial Officer, on behalf of Greystone Housing Impact Investors LP, ensuring executive accountability for the filing.
Conclusion
This new \$84 million loan is a material development for Greystone Housing Impact Investors LP. It represents a significant financial obligation and introduces new covenants that shareholders must monitor closely. The ability of the company to maintain the required DSCR and service this debt will be important for future financial stability and share price performance. Shareholders and potential investors should review the full loan agreement and monitor subsequent company disclosures for updates on compliance, use of proceeds, and any impacts on earnings or balance sheet metrics.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should review the company’s filings with the Securities and Exchange Commission and consult their financial advisor before making any investment decisions. The company has noted that forward-looking statements are subject to risks that could cause actual results to differ materially from current expectations.
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