NEW YORK, Dec. 20, 2017 (GLOBE NEWSWIRE) -- Greystone, a real estate lending, investment and advisory company, announced today that it ranked #1 based on number of multifamily Firm Commitments issued by the U.S. Department of Housing and Urban Development (HUD) at the conclusion of the agency’s 2017 fiscal year.
Throughout HUD’s fiscal year 2017, Greystone originated and obtained Firm Commitments for 83 insured multifamily loans totaling $1.34 billion. During the same period, Greystone also ranked highest based on number of loans and dollar volume for Firm Commitments issued under HUD’s MAP 223(f) program, closing $1 billion of loans across 67 transactions -- an 80% increase compared to 2016.
“We continue to leverage the most cutting-edge technology to provide an execution that is faster and easier than FHA borrowers have ever experienced in the past,” said Mordecai Rosenberg, head of Greystone’s FHA lending group. “However, the real credit for this remarkable achievement goes to our extraordinary team of A-players, who are focused each day on improving the level of service we provide to our clients.”
Greystone provides mortgage finance solutions across multiple platforms, including FHA, Fannie Mae, Freddie Mac, CMBS, bridge, mezzanine and other proprietary loan programs.
About Greystone
Greystone is a real estate lending, investment and advisory company with an established reputation as a leader in multifamily and healthcare finance, having ranked as a top FHA and Affordable Fannie Mae lender in these sectors. Our range of services includes commercial lending across a variety of platforms such as Fannie Mae, Freddie Mac, CMBS, FHA, USDA, bridge and proprietary loan products. Loans are offered through Greystone Servicing Corporation, Inc., Greystone Funding Corporation and/or other Greystone affiliates. For more information, visit www.greyco.com.
PRESS CONTACT:
Karen Marotta
Greystone
212-896-9149
Karen.Marotta@greyco.com