This is a rendering of the Atlantic Terrace cooperative apartments in the Fort Greene section of Brooklyn. SONYMA's Mortgage Insurance Fund is providing more than $6.4 million in insurance for this project.
MIF promotes the preservation and revitalization of communities across the State of New York by providing insurance on mortgage loans that encourages investment of capital by commercial and public lenders.
For information about our new "Day 1" program -- which offers mortgage insurance on HFA construction loans for moderate rehab of multifamily properties -- click here for the term sheet.