secwatch.observer — SEC 8-K summary
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Issuer:     Greystone Housing Impact Investors LP (GHI)
CIK:        0001059142
Form:       8-K
Filed at:   2026-03-05T23:59:59+00:00
Accession:  0001193125-26-094066
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Greystone Housing secures $42M loan amendment to acquire two SC affordable housing properties after bond defaults
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- Acquired Windsor Shores (176 units) and Century Plaza (212 units) via deed in lieu of foreclosure in SC.
- Additional $42M advanced; total loan facility now $84M split equally between BankUnited and ServisFirst.
- Interest at 1-month SOFR + 2.75%; new DSCR covenants: 1.00x (Feb 2027) and 1.05x (Jun 2027).
- Properties previously backed mortgage revenue bonds; defaults occurred Feb 2026 due to weak operations.
- Swap agreements hedging floating rate executed for full $84M principal.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1059142/000119312526094066/0001193125-26-094066-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1059142/000119312526094066/ghi-20260227.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-094066

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer